The Times-Tribune

Singles Day sales booming

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Chinese e-commerce giants Alibaba and Jd.com reported more than $60 billion in sales Monday on Singles Day, an annual marketing event that is the world’s busiest online shopping day.

The day was a temporary relief to retailers that face fading demand as Chinese consumers tighten their belts, anxious over slowing economic growth and the tariff war with Washington.

University students created Singles Day in the 1990s as an alternativ­e to Valentine’s Day for people without romantic partners.

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