Alibaba Singles' Day tops $30 billion but growth rate plunges

November 11, 2018 by  
Filed under News

Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate.

Source: Reuters Business News

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