From Techinasia
"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 minutes into the sale, which means that it may well have cracked US$4 billion in sales in the first hour. That’s a big jump up from the US$2 billion spent last year in the first hour of the sale. The year before that, Alibaba did just over US$1 billion of business in the first hour, which suggests that Singles Day sales growth is actually accelerating."