Singles’ Day sale: Alibaba sets record at $31 billion

Alibaba logged 213.5 billion yuan ($30.8 billion) in sales for its annual Singles’ Day extravaganza, setting a record as shoppers swarmed the e-commerce giant’s online bazaars. The annual retail celebration, originally dedicated to the nation’s unattached, has become an important bellwether not just for the company, but also the country.

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