Alibaba Singles Day ends strongly with $75 billion in sales
Bloomberg News
Alibaba Singles Day ends strongly with $75 billion in sales
(Bloomberg)—Alibaba Group Holding Ltd. posted sales of $75 billion during the world’s largest shopping binge, wrapping up an annual frenzy of Chinese consumption that this year was overshadowed by escalating regulatory scrutiny over the country’s giant internet sector. Sales during the Singles Day festival totaled 498.2 billion yuan at the end of Nov. 11, easily […]