Chinese Buy Yachts, TVs Online to Drive Alibaba Singles' Day Sales

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Chinese Buy Yachts, TVs Online to Drive Alibaba Singles' Day Sales
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The e-commerce giant said it racked up more than $25.3 billion in sales in the 24 hour-period that began at 12 a.m. Saturday -- helped along by a gala TV show, a marketing campaign that pushed advance orders, and the usual discounts on everything from cosmetics to cars.

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