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Alibaba’s Annual Shopping Event Records Slowest-Ever Growth

By
Juro Osawa
· · Source: The Information

Chinese e-commerce giant Alibaba’s annual Nov. 11 Singles’ Day shopping festival, the world’s biggest retail bonanza, recorded its slowest year-on-year growth in total transactions. This year, the event’s gross merchandise volume—the value of all transactions on the company’s marketplace—increased 8.5% to $84.5 billion. Last year, the event’s GMV grew 26%. The slower growth reflects a big...

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