Bargain hunters splurged by spending a record 168.2 billion yuan ($25.3 billion) during this year’s Singles Day on Saturday, the world’s largest daylong discount gala, as e-commerce giant Alibaba Group took the online shopping spree to brick-and-mortar stores and beyond the nation’s borders, banking on China’s technological prowess.
Bargain hunters splurged by spending a record 168.2 billion yuan ($25.3 billion) during this year’s Singles Day on Saturday, the world’s largest daylong discount gala, as e-commerce giant Alibaba Group took the online shopping spree to brick-and-mortar stores and beyond the nation’s borders, banking on China’s technological prowess. Bargain hunters splurged by spending a record 168.2 billion yuan ($25.3 billion) during this year’s Singles Day on Saturday, the world’s largest daylong discount gala, as e-commerce giant Alibaba Group took the online shopping spree to brick-and-mortar stores and beyond the nation’s borders, banking on China’s technological prowess.