Commerce firm just showed Alibaba has serious competition

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Commerce firm just showed Alibaba has serious competition
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There's no direct comparison but the figure is a touch above Alibaba's 2016 11/11 sales GMV of RMB 120.7 billion. The figure is also higher than the $17.6 billion that JD.com grossed for its own 6/18 sales event -- which commemorates the date of its founding -- although that bonanza lasts for 18 days rather than just one like Single's Day.

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