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Shoppers take advantage of Black Friday sales at a Target store in the Brooklyn borough of New York City, US November 25, 2016. Photo: REUTERS/Brendan McDermid/File Photo

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Why Singles Day will become a US sales event

by Dr. Zvi Schreiber December 6, 2016December 5, 2016

In a single day in 2015, Alibaba handled an average of US$9.9 million every minute in a retail feat that racked up US$14.3 billion of Alipay payments, mostly on Tmall and Taobao Marketplace. That’s one and a half-million dollars of sales in the time it took to read this article’s first sentence. That day was Single’s Day (11/11), first celebrated […]