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Alexander Bird
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Alibaba Stock Just Got a $30 Billion Buy Signal – Here's How to Find the Next Winner
Last Sunday (Nov. 11), Chinese retail juggernaut Alibaba Group Ltd. (NYSE: BABA) held its tenth annual Singles Day sale, a 24-hour sale commemorating China's Singles Day holiday.
While Alibaba's previous Singles Day sales are legendary for their staggering profit, this year's sale blew past records out of the water.
In just 24 hours, Alibaba raked in $30.3 billion in sales - a 27% rise over last year's total of $25.3 billion. - Why the Next Financial Crisis Might Start in Italy
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- Jack Ma Is Moving On – Here's What It Means for Alibaba Stock
- This Oil Pipeline Stock Could Jump 116% Thanks to Booming Production
- Walmart Is Targeting Asia, but This Company Has It Beat