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China’s Singles’ Day online shopping extravaganza nets $38.23 billion in sales

China’s Singles’ Day online shopping extravaganza nets $38.23 billion in sales

The Chinese online shopping holiday known as Singles’ Day generated $38.23 billion in sales this weekend, up more than 43% from $26.64 billion last year, according to Chinese e-commerce research firm Syntun. Alibaba Group Holding Ltd., the Chinese e-commerce giant that turned the tongue-in-cheek student celebration of being single into an online sales event, accounted […]

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