Unbelievable.

Jack Ma is looking particularly happy this evening, and he has every reason to be. One hour into Alibaba’s massive Singles Day sales event, the company is already on pace to obliterate previous records.

The company hasn’t released an exact figure for its first hour of sales, but just over 30 minutes into the sale it had already cracked RMB 20 billion (US$3.1 billion). It hit the RMB 30 billion (US$4.7 billion) mark just an hour and 14 minu ...

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