Alibaba's Singles' Day sales hit US$30bn, on track for record

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Alibaba's Singles' Day sales hit US$30bn, on track for record

Equivalent to over 80 percent Amazon.com Inc's online store sales in the latest quarter.

Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles' Day shopping blitz crossed the US$30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year. The figure is equivalent to over 80 percent of US rival Amazon.com ...

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