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Alibaba and JD.com handle a record $136.51 billion in sales during major Chinese shopping event – CNBC

Known as 618 because it falls on June 18, the festival was being closely watched for signs about the health of the consumer in China.

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People walk by JD.com advertisements of the 618 Shopping Festival at Wangfujing Street on June 14, 2020 in Beijing, China
China’s two biggest e-commerce giants Alibaba and JD.com handled $136.51 bil…

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