In the midst of rising trade tensions and sluggish economy in the US and China, China's e-commerce company Alibaba has broken all sales records in one day. The same Alibaba has sold products worth $ 38.38 billion i.e. about Rs 2.75 lakh crore in 'Singles Day Sale'.

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The same figure has increased by 25.7 percent over the previous year. According to the information received, the company said that it sold 70 thousand crore rupees in just 29.45 seconds on various platforms of the group and in just 16 hours and 24 minutes, all the sales records were broken in one day, 30 billion last year.  Economists and businessmen from around the world were eyeing this sale amid trade stress.

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According to information received from sources, Fan Jiang, President of Alibaba's Teammol Platform and Taobao said, "We are growing well in terms of sales and number of customers." During this period, the number of delivery orders reached 1.292 billion. More than two lakh brands from 78 countries have been involved in the global sale.

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