SHENZHEN: Alibaba Group Holding Ltd Singles' Day festival posted a record 120.7bil yuan (RM78.1bil) worth of sales on Friday, though the gala shopping day saw growth slow as Chinese shoppers searched for deeper discounts and lower pricetags.
Amid fanfare and celebrity razzmatazz, sales on Alibaba's platforms had raced to a billion dollars in less than five minutes and broke past last year's total with almost nine hours of the day-long shopping gala to spare.
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