Retail News
Alibaba posts lowest Singles Day sales gain so far
Reuters/Fox Business 11/12/2021Alibaba posted an 8.5 percent year-over-year gain during its Singles Day event, marking it the first time since the start of the promotion that performance gains came in under double digits. Regulatory tightening by the Chinese government forced Alibaba to low-key its marketing for the event compared to past years.
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