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The online retail giant reports that it sold more than $17 billion in goods on Friday — the site's holiday encouraging people to buy presents for themselves. Not everyone trusts the numbers, though.

Chinese e-commerce giant Alibaba's initial public stock offering in New York is expected to be one of the biggest ever. It's come a long way since a former English teacher founded it in 1999.

Alibaba, known as the Chinese Google, announced plans for an initial public offering in the U.S. The IPO could be one of the biggest in the tech sector's history, but investing could bring risks.

U.S. employers added 638,000 jobs last month as the unemployment rate dipped to 6.9%. A winter spike in coronavirus infections threatens to further weaken job growth.

Yahoo co-founder Jerry Yang made a smart move when his company invested in a Chinese e-commerce firm called Alibaba in 2005. With this week's Alibaba IPO, Yahoo will gain nearly $8 billion.

At first, Sun Han made a staggering 100 percent profit margin on his furniture. Soon everyone in his village was opening a furniture factory — and didn't need to raise pigs anymore.

The tech giant received a historically large fine Saturday from the Chinese government. Alibaba says it will comply with the fine and "ensure its compliance with determination."

When the Chinese e-commerce company Alibaba goes public, it's going to the biggest public offering ever. But when investors buy their shares, it will be in a Cayman Islands-based holding company.

The one-day shopping spree is promoted by China's online retail giant Alibaba. More than $10 billion in sales were generated — more than five times the volume of last year's Cyber Monday in the U.S.

Preparing for its initial public offering, e-commerce company Alibaba estimates its stock will sell for $60 to $66 a share. The retailing giant will be listed on the New York Stock Exchange.