Alibaba Establishes Singles' Day Record

Alibaba pulled in a record-breaking $9.3 billion in sales on Singles' Day, the biggest online shopping day in the world, the company said Tuesday. The sales number blows past Alibaba's previous record of nearly $5.8 billion during the 24-hour period on

Chinese online retailer Alibaba is not afraid to make waves. After putting the world on notice with an IPO valuing the company at $168 billion (for reference, Amazon had a valuation of $438 million when they went public), 

Singles Day ReutersEmployees sort packages at a hub of Shentong (STO) Express delivery company in Jiujiang, Jiangxi province, November 11, 2014. Alibaba pulled in a record-breaking $9.3 billion in sales on Singles' Day, 

Alibaba pulled in a record-breaking $9.3 billion in sales on Singles' Day, the biggest online shopping day in the world, the company said Tuesday. The sales number blows past Alibaba's previous record of nearly $5.8 billion during the 24-hour period on

Today is Singles' Day in China. In case you missed the media hype and have no idea why November 11 (11/11) is significant, it's China biggest e-commerce sales day. Think of it as an amalgamation of all of North America's biggest online retail days into