A woman checks data of Alibaba Group’s Singles’ Day global shopping festival at a media center in Hangzhou, Zhejiang province, China November 11, 2020. Aly Song, Reuters
HANGZHOU, China – Alibaba sales for its post-COVID-19 Singles’ Day shopping extravaganza hit $74 billion, a haul that was overshadowed by a 10 percent drop in its shares on Wednesday after China published draft anti-trust rules aimed at internet platforms.
The world’s biggest sales event – eclipsing Black Friday and Cyber Monday in the United States – spanned 11 days this year, and brought sellers on AliBaba’s platforms 21 times as…
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