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Alibaba Singles’ Day sales hit $23 bn in first nine hours; over 500 mn users likely to participate in shopping festival this year
Business

Alibaba Singles’ Day sales hit $23 bn in first nine hours; over 500 mn users likely to participate in shopping festival this year

Alibaba netted sales worth $30 billion on its platforms on Singles’ Day last year, dwarfing the $7.9 billion US online sales for Cyber Monday.