"We can do things in China we can't do virtually anywhere else in the world. In America, if you stream to any more than one or two million people you get a swirling circle of death, meaning it's not connecting. In China, we can stream to over 35 million people. It boggles the mind."
This year's 11/11 fiesta has been themed around "retail as entertainment".
The company's chief marketing officer, Chris Tung, describes the shopping festival as "bringing consumers around the world a step closer to realising the aspirational life where entertainment and retail becomes one".
The event is also an opportunity for Alibaba to show off its latest shopping technologies, and gives us a glimpse into what the future of shopping might look like.
Alibaba's "See Now, Buy Now" was an eight-hour marathon of singing, dancing and fashion. Broadcast on seven TV and online channels in China, the show encouraged viewers to shake their phones whenever they saw something they liked to immediately purchase it.
The Tmall platform is running a "Catch the Cat" promotion, designed to drive consumers to bricks and mortar locations including global brands Procter & Gamble, KFC and L'Occitane.
Customers use their mobiles to earn coupons, discounts and prizes by "catching" the e-store's cat mascot - in much the same way as the game Pokemon Go.
Other online promotions are giving out virtual red envelopes containing a total of more than 250 million yuan ($54.3 million).
Maggie Zhou, managing director of Alibaba Group Australia and New Zealand, is keen to ensure New Zealand is one of the key markets supported in these new initiatives.
"New Zealand products are perceived as high quality and continue to outperform in China, and we are working ... to engage more closely with New Zealand merchants and partners to further encourage this growth."
Tim McCready travelled to Shanghai as a guest of Alibaba.