China's Singles Day sales festival wraps up with e-commerce firms reporting sales growth

China's Singles Day sales festival wraps up with e-commerce firms reporting sales growth

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song

China’s largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year’s Singles Day sales period that ended at midnight on Saturday, while rival JD.com reported sales volumes at a record high.