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Alibaba Group Holding Ltd. BABA,
said Wednesday night that its Singles Day sale event generated $ 74.1 billion in gross merchandise volume in its 11 days, up 26% from last year’s promotion, centered on Singles Day in China, celebrated on November 11. Alibaba’s platform processed 583,000 orders per second during the peak period, the company said. Some 250,000 brands participated this year, of which 31,000 were foreign brands, Alibaba said. Its artificial intelligence chat bots processed more than 2.1 billion requests in the 11-day period, the company said. The United States was the first country to sell to China in terms of gross volume of goods, he said. Alibaba’s U.S. certificates of deposit rose 0.4% in the extended session on Wednesday after ending the regular trading day down 0.3%.
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