Alibaba has racked up $25,300,000,000 billion in sales on Singles Day, China’s biggest online shopping day, so far, with close to $7 billion in sales made in the first 30 minutes.
This was 29 percent higher than 2016, when the online shopping company made $17.8 billion. This year it made $18 billion in sales before 12pm, making $1 billion in the first two minutes.
China is cashless society?? Use of debit and credit cards everywhere
China's consumerism only just begun. It is only a matter of time they become the new global market leader.