'Singles' Day' headed for record breaking sales despite China's sobering economy
Chinese consumers closed in on a new spending record Monday during the annual “Singles’ Day” frenzy, the world’s biggest 24-hour shopping event, which kicked off this year with a glitzy show by US megastar Taylor Swift. E-commerce leader Alibaba said that within the first 12 hours, nearly 192 billion yuan (27.4 billion US dollars) had been spent...
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