China Shops, Alibaba Drops As 11.11 Spree Sets Record

By | November 11, 2015

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China’s big “11.11” shopping event went off like a firecracker, with $14.3 billion in buying and selling taking place on Alibaba Group’s (BABA) online platforms. The event started as an anti-Valentine’s Day joke and now “Singles’ Day” far surpasses the U.S. online sales on Black Friday and Cyber Monday combined. Alibaba And Amazon Charts Alibaba stock gets a high 93 Composite Rating from IBD out of a possible 99. After running up 47% since the Scalper1 News

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