(SHANGHAI) — Online shoppers in China have shattered last year’s record of $24 billion in sales on the country’s annual buying frenzy Sunday, as the tradition marked its 10th year. The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day. This year’s tally breaks from gloomy forecasts about the world’s second-largest economy, which is struggling with a tariff war with the U.S., a stock market slump and slowing overall growth. Known as Singles Day, the clamor for deals and discounts was heralded with characteristic fanfare by Chinese e-commerce giant Alibaba, which has turned an unofficial holiday for people without romantic partners into a yearly windfall for digital retailers. A massive screen at Alibaba’s gala in Shanghai showed the surging sales numbers in real time: At 2 minutes and 5 seconds after midnight Saturday, 10 billion yuan ($1.43 billion) in purchases had already been made on Alibaba’s platforms.