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'China's Apple' rakes in $200M in bumper Singles' Day

Xiaomi, the smartphone maker often dubbed "China's Apple", was crowned the big winner of one of the world's biggest shopping days Wednesday.

Singles' Day, held in China on November 11 each year, has become known as the country's anti-Valentine's Day. E-commerce behemoth Alibaba is most strongly associated with the shopping extravaganza and announced that it had taken $14.3 billion in sales through its online payment service.

This made it the largest shopping day in history, as it clocked a 60 percent increase in sales compared to 2014.

Xiaomi said Wednesday evening that it had become the top-grossing merchant on Alibaba's online marketplace That makes...