Record sales: Workers sorting out packages at a delivery company warehouse on ‘Singles’ Day’ on Monday. Chinese shoppers set new records for spending despite an economic slowdown and worries over the US trade war. — AFP
SHANGHAI: Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal and Nestle among the biggest winners, Alibaba data showed.
The Chinese e-commerce giant’s annual Singles’ Day shopping blitz on Monday brought in a record 268.4 billion yuan (US$38.38bil) in sales, more than six times the amount of online sales made in the United States on Black Friday last year.
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