U.S. top seller to China during Singles' Day

Chinese retail giants Alibaba and JD.com said the United States was the top seller of goods to China in the world's largest one-day online sales event, Singles' Day.

The massive shopping extravaganza even eclipses Black Friday and Cyber Monday in the U.S.

Both companies offered promotions over 11 days this year, with sales widely interpreted as a sign of China's economy rebounding from the global health crisis.

The event generated about $116 billion in merchandise sales for the two companies. Alibaba alone sold 20 times more orders by value than Amazon's Prime Day last month.

JD.com and Alibaba told Reuters on Wednesday (November 11) that their best-selling products included Apple iPhones, L'Oreal toner and Sharp's smart LCD TVs.

Alibaba said other top-selling countries this year included Australia, Germany, Japan and South Korea.

The event was overshadowed, however, by news that China proposed anti-monopoly rules for internet platforms.