DNA: How Alibaba's Singles' day sales created a news record? Watch analysis
China’s Singles Day is the world’s largest annual shopping festival and it got even larger this year. According to reports, shoppers spent over $100 billion over the 11-day sale, decimating last year’s total of $38 billion over a 24-hour sale.The performance provided little relief for Alibaba investors as they focused on the proposed anti-monopoly rules that could increase scrutiny on e-commerce marketplaces and payment services.
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