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Alibaba Rings Up $30.8 Billion on Singles Day 2018

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The world's biggest shopping day lived up to the hype as e-commerce platform Alibaba set another retail record, selling $30.8 billion in gross merchandise volume -- including $1 billion in the first minute and 25 seconds--on Singles Day 2018. To put that into perspective, it's nearly triple what U.S. consumers spent online in 2017 for...

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