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Alibaba鈥檚 sales soar
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Chinese netizens clicked their way through purchases during a 24-hour online shopping frenzy on Monday, highlighting a booming online retail sector amid massive discounts and record-breaking sales numbers. China’s e-commerce giant Alibaba, headquartered in Hangzhou, has seen sales at its two online platforms, Tmall.com and Taobao.com, rise more than 83 percent from a year ago to 35 billion yuan (US$5.75 billion) as the Chinese version of Cyber Monday ended midnight Monday. The shopping spree falls on November 11, or China’s Singles Day.
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