Alibaba breaks Singles Day sales record

Chinese consumers spent more than $33 billion (RMB 168.2 billion) on Alibaba’s e-commerce platforms during its 11.11 Global Shopping Festival, breaking last year’s record of $23.3 billion (RMB 120.7 billion). China’s largest e-commerce giant, Alibaba Group, said on Sunday sales by the thousands of retailers on its platforms for the 24-hour period on Saturday amounted to 168.3 billion yuan ($A33.3 billion), setting a new record for the company. It was 39 per cent more than sales clo

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