Alibaba and other Chinese e-commerce companies hosted the world’s biggest one-day shopping spree Wednesday on 11/11/15, capitalizing on an annual event
dubbed “Singles Day.” Analysts estimated this year’s Singles Day could bring in as much as $11 billion in sales. Alibaba Group Holdings Ltd , reported a blockbuster
$14.3 billion in sales during China’s Singles’ Day online shopping festival Wednesday, further highlighting the resilience of the Chinese consumer despite a flagging economy.
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