Alibaba's Singles Day Shopping Fest Sales Ends Low
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25 views • November 13, 2022

https://gnews.org/articles/519777

Summary:11/11/2022 For the first time, e-commerce giant Alibaba has not disclosed the final gross merchandise value of the 2022 Singles Day Shopping Festival after the event came to a close at Friday midnight. The company's profit margins are expected to suffer due to strict COVID-19 restrictions imposed by the Chinese Communist Party.

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