Chinese consumers stayed glued to their phones Wednesday, spending billions of dollars on items such as Taylor Swift-branded jackets, Apple Inc. iPhones and prepaid beach vacations, in a test of Chinese consumer confidence after the disruptions of the coronavirus pandemic.
By the end of Nov. 11, also known as Singles Day, Alibaba Group Holding Ltd., the Chinese technology giant, said it had raked in the equivalent of a record $75.1 billion.
The…
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