It's Thursday, November 12th.

Welcome to Market Foolery.

I'm Chris Hale with me today.

From the financial capital of the United States of America,

it's Maria Gallagher.

Thanks for being here.

Thanks for having me.

Earning season continues to roll on, but first we're going to talk about

Alibaba, the Chinese e-commerce giant, shares up a bit in the wake of Singles Day and for those unfamiliar

Singles Day is November 11th and it is the biggest shopping day of the year it is

Black Friday and Cyber Monday combined and then like double that

because Ali Baba did 75 billion dollars in sales for Singles Day. It's a little hard for me to wrap my head around that.

Yeah, it's pretty wild. So it started in 2009.

Singles Day as a holiday, it's November 11, 11, so four singles in a row.

And so that started in the mid 90s.

And then in 2009, Alibaba kind of commercialized it,

created the first single-day shopping experience.

The gross merchandise volume in 2009 was 7.8 million.

And like you said, Chris, this year it was 75 billion. So it has grown exponentially.

The foreign brands which I think is interesting was a big focus this year.

The US was the top selling country by gross

merchandise volume, so over 5 billion of that total, almost 75 billion came from the US. and so many people had no problem spending money

...