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Alibaba breaks Single's Day record with $17.8bn sales

Alibaba's gross merchandise volume for Single's Day reached 120 billion yuan in 24 hours.

SHENZHEN -- China's biggest shopping day brought another sales record for Alibaba Group Holding, with the Nov. 11 Single's Day bringing in $17.8 billion-worth of goods and services, boosted by Chinese enthusiasm for overseas brands.

"I've been waiting for this day to happen!" said Lin Lin, a 26-year-old plastic surgeon living in central Beijing. She splashed about 30,000 yuan ($4,400) on clothes and shoes on Alibaba's shopping platform Taobao on Friday.

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