Alibaba reported recorded sales in a single day shopping event.
China’s E -commerce Group 540.3 billion yuan (63 billion pounds) spent Chinese shoppers on a day similar to black Friday shopping.
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Cosmetic, electrical appliances, and electronic equipment were strong. This is the first year when the growth compared to the previous year could not reach two -digit growth.
The Rui Ma of Tech Buzz CHINA explained as follows. They have already driven this holiday extremely. This is already a big number, so it’s difficult to show growth. “
Alibaba’s shares decreased by 1 %.
