The 10th anniversary of Singles Day was celebrated with a bang yesterday on Alibaba’s Tmall site and other e-commerce platforms, showing once again that consumer spending in China remains a juggernaut for the economy. E-commerce giant Alibaba said its B2C site Tmall’s whole-day sales totaled 213.5 billion yuan (US$30.7 billion), a year-on-year jump of 26.9 percent.
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SOURCE: SHINE
tags:
e-commerce
