Alibaba Singles’ Day Set to Challenge $31 Billion Sales Record Published November 27, 2019 at 1024 × 674 in China-ASEAN Monitor: Malaysia’s Khazanah divests stake in Alibaba for US$526.3 million Employees walk travel through the campus of the Alibaba Group headquarters during the 11.11 shopping festival in Hangzhou, China on Monday 11 November 2019.