Alibaba Singles' Day tops $30 billion but growth rate plunges

9:03am PST - November 11th, 2018    alibaba - Reuters

Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest-ever rate.