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Alibaba makes $5 billion in 90 minutes
The world’s biggest online shopping holiday got off to a roaring start in China.
In the first 90 minutes of the “Singles Day” sale, which kicked off at 12 midnight in Beijing on Nov. 11, total sales exceeded $5 billion, Alibaba reported. About 74% of sales were from mobile phones.
Estimates are that annual shopping extravaganza could reach as high as $11 billion in sales.

