For the first time, since the start of the annual Singles Day shopping festival in 2009, the Alibaba group has not disclosed the final sales tally. They mentioned that the results were similar to year. However, the country's profit margins were expected to take a hit due to strict Covid-19 curbs.

China: Singles Day shopping fest sales ends low; Covid curbs likely to hit profit margins

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China: Singles Day shopping fest sales ends low; Covid curbs likely to hit profit margins