Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing Access Your Profit Alerts

"Singles' Day" Smashes Records, Showing Again Why Alibaba is a "Must-Own" Wealth Stock

As we predicted earlier this week, Alibaba Group Holding Ltd. (NYSE: BABA) turned in a big showing in today's "Singles' Day" - smashing its sales record with ease and underscoring yet another reason we view this stock as a "must-own" wealth-builder.

Retailers using Alibaba's e-commerce retail platforms saw merchandise sales zoom 23% on a year-over-year basis - reaching $17.8 billion. In the first hour, orders were coming in 175,000 per second.

Full Story

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK