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JD.com gained 5% as it crushed its Singles Day sales record
JD.com rose more than 5% in morning trading alongside news that the company has pushed through its Singles Day sales volume record.The sales holiday had resulted in 311.4 billion yuan in transaction volume as of 2:09 p.m.; at that point there were several hours left in a now-extended Singles Day.Last year JD volume hit 271.5 billion yuan .As with Black Friday in the United States, Singles Day used to be a 24-hour sales event but has stretched out. JD offered a presale period from Oct. 20-Oct. 3
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