image credit: N509FZ / Wikipedia and Alibaba rake in $130bn during sales event as Chinese economy begins recovery

June 22, 2020

Via: Charged and Alibaba raked in more than $130 billion (£104 billion) during the ‘618’ shopping festival in signs that the world’s second largest economy is returning to health.

June 18th saw launch its annual shopping festival, which coincided with its $4 billion secondary public listing on the Hong Kong stock exchange.

During the event, saw transaction volumes top $37.99 billion (£30.58 billion), easily outpacing last year’s record sales $29.2 billion (£23.2 billion).

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