Alibaba sees biggest ever 6.18 festival

Alibaba Group Corporate Campus (Xixi, Hangzhou, China)

Alibaba said it saw its largest 618 shopping festival ever this year, with the number of Tmall brands taking part doubling from 2019. Gross merchandise volume (GMV) came in at Rmb698.2bn ($98.52bn).

Alibaba said the festival shows that China’s consumption,...

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