Alibaba made more money in a day than Flipkart did in a year
In the 'Singles' Day' sale held on November 11, Jack Ma-led Chinese e-commerce giant Alibaba made more money than what Flipkart did last year. The Singles' Day is one of the biggest sale events in China, where Alibaba clocked over $17.7 billion in sales in a day. Flipkart's Gross Merchandise Value for last year is estimated to be $10 billion.