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Alibaba sets new Singles’ Day record with $30.8B in sales, but growth is slowing

Chinese consumers just celebrated the world’s largest shopping holiday—Singles Day, by spending a whopping $30.8 billion within 24 hours. Yahoo Finance’s Krystal Hu discusses with Dan Roberts, Melody Hahm and Myles Udland how Singles Day has become a national festival in China in the past ten years and what the slowdown in sales growth means for Alibaba.