Friday, November 11, 2016

Alibaba Singles' Day sales pass 2015 total, but growth rate slows

SHENZHEN, China (Reuters) - Alibaba Group Holding Ltd'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.

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