Singles Day

Alibaba Singles Day sales frenzy surpasses records

The Chinese company hit a record $1bn in sales in 85 seconds, and then just shy of $10bn in the first hour of the 24-hour spree.

Alibaba also beat its 2017 revenue total, $25.3bn, with several hours still remaining.

Online discounts have been offered on 11 November, Alibaba's informal holiday for singles, since 2009.

The shopping festival is projected to hit over $32bn this year, according to a report by the global app market data provider App Annie.