Friday, November 12, 2021

The world's biggest shopping event boosts Chinese economic woes

The biggest shopping event in the world has broken another record.

China's e-commerce giant Alibaba says its Singles Day sales reached almost 85 billion US dollars on Thursday. But the rate of annual sales growth is stalling, amid China's wider economic slowdown.  

Richard Kimber reports from Hong Kong.


IN: Singles Day is

OUT: Richard Kimber, Hong Kong

DUR: 0.48