Say what? Youv’e probably not heard of Singles Day but Alibaba http://biq.com.mx/english-alibaba-forty-thieves/ has turned the Chinese valentine day, known as “11 11”, into an online shopping bonanza racking up USD $9.3 billion and in sales last Tuesday.
Cainiao, the logistics arm Alibaba founded in 2013, coordinated 50,000 delivery outlets and 657 logistics centers. China Post, the state-owned postal said 650 million packages were delivered. To put that in perspective, that is more than the entire yearly capacity of Mexico’s private postal network.