Alibaba posts $1 billion in sales in the first five minutes of the Singles’ Day shopping event

Business & Technology

Alibaba enlisted top celebrities, including the Hollywood actress Scarlett Johansson, to drum up attention on its 24-hour shopping event of November 11, which may give clues about the health of the Chinese economy.

Credit: BEIJING, CHINA - JULY 02: (CHINA OUT) (L - R) Actors Andy Lau, Matt Damon, director Zhang Yimou, Jing Tian and Pedro Pascal attend "The Great Wall" press conference at Park Hyatt Hotel on July 2, 2015 in Beijing, China. (Photo by VCG/VCG via Getty Images)