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Alibaba's Singles' Day sales hit US$38b | Video

03:14 Min
Chinese retailer Alibaba Group’s sales for its 24-hour Singles' Day shopping blitz hit a record US$38.4 billion from online store sales. But sales growth for the annual shopping festival eased to 26 per cent, held back by a slowing e-commerce industry in China. Linette Lim reports from Alibaba’s headquarters in Hangzhou.
Chinese retailer Alibaba Group’s sales for its 24-hour Singles' Day shopping blitz hit a record US$38.4 billion from online store sales. But sales growth for the annual shopping festival eased to 26 per cent, held back by a slowing e-commerce industry in China. Linette Lim reports from Alibaba’s headquarters in Hangzhou.

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