Singles Day expected to be 'bigger than ever'

Singles Day sales are set to get crazier this year, with transactions and deliveries expected to break records amid public concerns about quality.

E-commerce giant Alibaba Group Holding, which created the annual November 11 event, is expected to reach a new high on Friday, with a 40 percent surge as bargain-hunting Chinese consumers flex their spending muscle, according to a report released on Nov 2.

Singles Day sales at Alibaba this year are expected to jump to $20 billion from last year's $14.3 billion. The 2015 figure represented a year-on-year increase of 54 percent, the report said.