Chinese retailer Alibaba Group Holding Ltd’s sales for its 24-hour Singles’ Day shopping blitz hit a record $38.4 billion, more than Amazon.com Inc’s haul last quarter from online sales. But sales growth for the festival eased to 26%, the weakest since 2009, held back by a slowing e-commerce industry in China as the country’s economic expansion heads toward a historic low.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2O6emOk
