Alibaba smashes its Single’s Day record as sales cross $25 billion

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date. The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a dollar value for all sales…

via Alibaba smashes its Single’s Day record once again as sales cross $25 billion — TechCrunch