Alibaba Singles' Day smashes $25 billion sales record
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SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles' Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) (18.62 billion pounds) sales in under sixteen hours. Singles' Day, also called "Double 11" is the world's biggest online sales event, outstripping U.S. shopping holiday Black Friday. The Chinese event was originally a novelty student holiday to celebrate being single, countering Valentines Day, but has since..