Alibaba expected to rake in record $20 billion in Singles’ Day sales this Friday

Business & Technology

On Singlesโ€™ Day last year, held on November 11 and โ€œfeaturing awkward appearances from James Bond and Frank Underwood,โ€ Alibaba sold $14.3 billion in merchandise. This year, the company wants to expand Chinaโ€™s official online shopping holiday even more, with appearances by Katy Perry, OneRepublic and Kobe Bryant.