Alibaba posts $1bn sales in the first five minutes of 11.11
Alibaba posted $1bn (6.81 billion yuan) of sales within the first five minutes of its Singles’ Day shopathon, according to Bloomberg. Market analysts expect that this year’s event will be another record breaker. Alibaba has covered the annual shopping event with Hollywood razzamatz and A-list global celebrities lending their lustre include actress Scarlett Johansson, sports celebrity David Beckham, basketball legend Kobe Bryant.