Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the symbol of a government crackdown that hammered the country's tech sector and while the Chinese economy is slowing.
The firm said 540.3 billion yuan (US$84.5 billion) was spent as China's army of consumers went on a splurge. Sales rose by 8.5%, compared to the previous year, despite a much lower-key sales campaign...

- Markets & trends /

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