A screen shows the value of goods being transacted during Alibaba Group's Singles' Day global shopping festival at the company's headquarters in Hangzhou, Zhejiang province, China, November 12, 2019. REUTERS/Aly Song

Alibaba breaks Singles Day record with more than $38 billion in sales

November 11 (CNBC) - Chinese e-commerce giant Alibaba set a sales record on Singles Day, the world’s largest 24-hour shopping event. Gross merchandise value, a figure that shows sales across Alibaba’s shopping platforms, surpassed last year’s 213.5 billion yuan record (nearly $30.5 billion) on Monday afternoon local time and kept rising through the rest of the day. At the end...

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