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China’s Singles’ Day is not a reason to buy Alibaba, if history is any guide – CNBC

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China’s Singles’ Day is not a reason to buy Alibaba, if history is any guide – CNBC

China’s Singles’ Day, the world’s largest online shopping event, takes place next Monday, Nov. 11. Singles’ Day was started by e-commerce giant Alibaba a decade ago, and it’s become a sales phenomenon. In 2018 sales topped $30 billion, making it bigger than B…

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