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Chart: The rise of Singles Day sales on Alibaba’s marketplaces

What is Singles Day? Alibaba Group Holding Ltd. in 2009 turned it into an online shopping holiday, similar to Cyber Monday (the Monday after Thanksgiving) in the U.S. In the first year, 27 merchants participated and $8 million worth of goods were sold on Alibaba’s marketplaces. Since then, Singles Day has grown into something of a […]

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