It’s bigger than Cyber Monday and Black Friday combined–Singles’ Day is the largest shopping event in the world. On that day, Alibaba records more than $13.7 billion of sales in a 24-hour period (that’s more than $158,000 in sales per second). But now the U.S. Securities and Exchange Commission is asking questions about whether the Chinese e-commerce giant’s accounting practices violated the law. The regulator recently requested operating data about Singles’ Day as well as other information, Alibaba reported in its latest securities filing. [Image: Flickr user UNclimatechange]MB
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