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Alibaba and JD.com keep Singles Day sales under wraps for first time

Chinese e-commerce giants Alibaba and JD.com have opted to not release any sales numbers for their annual Singles Day, possibly hinting that macroeconomic headwinds could be hitting the region and its businesses. While Alibaba said the results had delivered in line with last year’s GMV performance despite the macro challenges, JD.com said this...

Nov 14, 2022