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Company News

China's Alibaba says post-COVID Singles' Day sales hit $74 billion

FILE PHOTO: The Alibaba Group logo is seen during the company's 11.11 Singles' Day global shopping festival at their headquarters in Hangzhou, Zhejiang province, China, November 11, 2020. REUTERS/Aly Song

HANGZHOU, China (Reuters) - China's Alibaba 9988.HK said on Wednesday orders on its e-commerce platforms during the Singles' Day shopping extravaganza hit a record 498.2 billion yuan ($75.1 billion).

The world’s biggest sales event - eclipsing Black Friday and Cyber Monday in the United States - spanned four main days this year.

edited by Emelia Sithole-Matarise

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