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Source: Alibaba

Headline: Alibaba’s 11.11 Signals China Retail Health, a Boon for International Brands

If there were any lingering doubts about the health of China’s retail sector, the $74.1 billion in gross merchandise volume transacted during Alibaba’s 2020 11.11 Global Shopping Festival should erase them. The 11-day promotion – the world’s largest shopping event – shattered multiple records, as Chinese consumers flocked to homegrown and international brands. This year, […]

MIL OSI Economics