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Alibaba’s Singles Day shoppers spent nearly $31 billion online Nov. 11

Online retailers selling on Alibaba Group Holdings Ltd.’s Taobao.com and Tmall.com marketplaces rang up 213.5 billion yuan, or $30.8 billion, in sales during Singles Day, the 24-hour sales holiday held Nov. 11. That’s up 27% from the 168.2 billion yuan Singles’ Day generated last year. It took less than 90 seconds for the first billion […]

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