Last week Chinese e-commerce giant Alibaba shocked the web with news that its  subsidiaries Taobao (like a Chinese eBay) and T-mall (like Amazon) sold  a massive $3.06 billion in product in a single 24-hour period.

Three billion dollars is almost triple the entire 2011 Black Friday sales of  e-commerce sites in the United States, and this is a testament to both the  growing maturity of the Chinese online market and the central position Alibaba  holds in China.

So how do you do $3 billion in sales in a single day? I interviewed an  Alibaba spokesperson, who preferred to remain unnamed, to find out.

Read more at http://venturebeat.com/2012/11/21/how-a-chinese-e-commerce-company-racked-up-3-billion-in-sales-in-just-one-day/#6MyHWHhc1oVJtVZ4.99