Category: Fundings and Exits

Alibaba Hit $14.3B In Total Sales On Singles’ Day, With 69 Percent Made On Mobile Devices

Alibaba Group reaped $14.3 billion in sales during Singles’ Day, a 54 percent increase from last year’s tally of $9.3 billion. The most significant number from yesterday’s annual shopping bonanza, however, is not how much Chinese consumers spent, but what devices they used to make purchases from Alibaba’s marketplaces. According to the company, which runs China’s…