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SHANGHAI (Reuters) – China’s dominant e-commerce firm Alibaba Group Holding raked in $23 billion worth of sales in the first nine hours of its annual Singles’ Day shopping extravaganza on Monday, setting records as the event celebrates its 11th year.

The 24-hour shopping event is akin to Black Friday and Cyber Monday in the United States and has become…

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Updated August 2020

by Richard McKeon