Alibaba Crushes Amazon and Online Sales Record

1. Alibaba Crushes Amazon Every year on Nov. 11th, China’s Alibaba Group has a massive online shopping “festival.” Every year, it smashes the previous year’s sales record. This time, shoppers bought $30.7B worth of merchandise in 24 hours. Up 27% from last year. The event is nicknamed “Singles’ Day” because it coincides with a folk […]