The ‘Amazon of China’ invented a holiday called Singles’ Day — and they made $14 billion in 24 hours

$14 Billion. That’s how much Alibaba, the Chinese e-commerce giant, made in just 24 hours last November. It happened during an unofficial Chinese holiday called “Singles’ Day.” But what is Alibaba, what is Singles’ Day, and how did they make so much money so quickly?

Follow Tech Insider: On Facebook