Alibaba Smashes Sales Records On Singles’ Day Hype

Chinese e-commerce group Alibabasurpassed last year’s Singles Day sales record of $14.3 billion by 3:30 pm today , after the company pulled out all the stops to ensure a successful shopping bonanza amid a slowing Chinese economy. Gross merchandise value settled through its payment app Alipay reached 91.2 billion yuan($13.3 billion) […]

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