China’s Alibaba brings in a record $3.1b in sales during 24-hour e-commerce shopping frenzy
date:Nov 12, 2012
day.

Alibaba has said it expects sales on its platforms this year to exceed those of Amazon and eBay combined. The company could soon face increased competition in China, as eBay plans to announce an initiative with luxury ecommerce player Xiu on Monday.
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