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Singles go on shopping spree

The Citizen

|

November 12, 2024

China's largest online shopping bonanza wrapped up yesterday, with analysts and investors watching for signs that consumption is rebounding in the world's second-largest economy after recent efforts by Beijing to boost activity.

"Singles Day" - launched by tech giant Alibaba in 2009 - has ballooned into an annual blockbuster period for retail, with days of discounts luring customers to the country's online shopping platforms.

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