Alibaba Group Holding Ltd achieved record high sales of 268.4 billion yuan ($38.4 billion) during its Singles’ Day shopping extravaganza, an increase of 26 percent compared to 2018, as buyers swarmed the e-commerce giant’s online bazaars. JD, another e-commerce heavyweight and a latecomer to join the frenzy, reported its accumulated sales during the shopping carnival held from Nov 1 to Nov 11 reached a staggering 204.4 billion yuan.

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