Alibaba crosses $3 bn sales in 5 minutes

Chinese e-commerce giant Alibaba generated $3 billion in five minutes of its annual 24-hour online shopping sale on Sunday with Apple, Xiomi featuring among the top brands.

It recorded the purchases of products worth $10 billion in the period of little over an hour.

Last year, Alibaba recorded $25 billion in the sales of 24 hours.

Alibaba Group Executive Chairman Jack Ma was present at the gala night for countdown to the Global Shopping Festival 11.11 here.

Watch Zee Business video here:

Los Angeles, Tokyo and Frankfurt were among the global cities that saw orders being placed for goods ranging from diapers to mobiles