Technology

Alibaba, JD enjoy record Singles Day despite tech crackdown

Alibaba, JD enjoy record Singles Day despite tech crackdown
Alibaba's online sales extravaganza saw a record $84.5 billion spent on its platform, providing a much-needed boost for the firm after a tough year in the crosshairs of Beijing (AFP/Jade GAO)

Fri, 12 November 2021, 10:06 am

Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol of a government crackdown that hammered the country's tech sector. The firm said 540.3 billion yuan ($84.5 billion) was spent as China's army of consumers went on a splurge.

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