Beijing - Internet giant Alibaba broke its own sales record of $9.3bn during China's "Singles Day" 24-hour online shopping binge on Wednesday, defying fears of an economic slowdown in the world's second-largest economy.
Total gross merchandise volume on Alibaba's various online marketplaces matched last year's total at around midday and passed $10bn dollars shortly afterwards.
Alibaba, a collection of businesses that concentrate on online shopping, saw more than 70% of those sales come from its mobile sites, showing that both online shopping and smartphone use have become ingrained habits among Chinese consumers.
Total gross merchandise volume on Alibaba's various online marketplaces matched last year's total at around midday and passed $10bn dollars shortly afterwards.
Alibaba, a collection of businesses that concentrate on online shopping, saw more than 70% of those sales come from its mobile sites, showing that both online shopping and smartphone use have become ingrained habits among Chinese consumers.
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