Here's the Difference Between Cyber Monday and Alibaba Singles Day

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TheStreet breaks down how retail sales during the holidays works. 

The difference between Cyber Monday and Alibaba Singles Day. Let's get started:

These two days are the biggest online spending days of the year for both the U.S. and China.

Alibaba Singles Day? China

Cyber Monday? U.S.

But there's a key difference.

Alibaba is one company. It's one of China's largest tech companies - think of it like it's the Amazon of China. Total e-commerce giant.

And every year, Alibaba has a day where it sells discounted items on its platform and markets the day as kind of a holiday sales day to everyone in China.

The company now does north of $30 billion in sales on Alibaba Singles day.

Cyber Monday is basically a marketing term for the Monday after Thanksgiving, when tons of online retailers, large and small, hawk discounted products online for holiday shoppers ready to spend.

In 2018, Cyber Monday saw $7.8 billion in sales.

So what's the point of all this? Watch the video above.  

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