BEIJING (Reuters): Chinese e-commerce giant Alibaba Group Holding had a record 540.3 billion yuan (US$84 billion) in orders, or gross merchandise value (GMV), over its 11-day Singles' Day sales event, marking a roughly 14 per cent increase from the year prior.
The results come as overall consumption in China slows, and cap a relatively muted version of a sales festival that Alibaba once aggressively promoted.
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