Alibaba Singles Day sales break $5 bln in an hour

ReutersNewsPublished: November 11, 20164 views
Published: November 11, 2016

Alibaba's Singles' Day sales surged past last year's 91.2 billion yuan ($13.36 billion) total with nearly nine hours left on the clock, but growth was markedly slower than in 2015 as shoppers sought even bigger price cuts. Graham Mackay reports.

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