Alibaba hits another 'Singles Day' record but growth slows

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Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual "Singles Day" shopping frenzy, but growth slowed from previous years. Although retail sales in China have been steady, the outlook is uncertain as the economy slows and concerns rise over the impact of the trade war with the United States. Alibaba's share price, which doubled in 2017, is down 16 percent this year.

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