China E-Commerce Platforms’ Sales Surge on Singles’ Day

Nov 12, 2020

∙ Paid

China’s e-commerce platforms disclosed their Double 11 shopping festival performance and all set new records.

Chinese giant Alibaba Group Holding Ltd. on Thursday announced that its Double 11 Global Shopping Festival generated 498.2 billion yuan ($74.1 billion) in gross merchandise volume (GMV) during the 11-day campaign from Nov. 1 to Nov. 11, an incre…

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