News China18 Nov 2016

Insurers sell 417,000 policies per minute on 11/11 Singles' Day

18 Nov 2016

E-commerce giant Alibaba Group's annual 11 November Global Shopping Festival (Singles' Day sale) rang up US$17.8 billion in online sales, up from $14.3 billion last year, with insurers estimated to have issued around 417,000 policies a minute to cover shipping for the return of goods.

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