Alibaba nets $1 bn in 68 seconds. Beats Amazon’s last quarter revenue in one day. Publishers should be asking themselves just how big the China book market might be

First the numbers. Alibaba Group, one of many Chinese e-commerce firms that are referred to as “the Amazon of China,” held its annual Singles Day this past week, and saw a 25% increase on last year’s sales. Singles Day is compared to Black Friday and Cyber Monday, which we all know collectively create the biggest … Continue reading Alibaba nets $1 bn in 68 seconds. Beats Amazon’s last quarter revenue in one day. Publishers should be asking themselves just how big the China book market might be