Alibaba's Singles' Day sales hit record $38 billion; growth slows

HANGZHOU, China (Reuters) - Chinese retailer Alibaba Group Holding Ltd's sales for its 24-hour Singles' Day shopping blitz hit a record $38.4 billion, more than U.S. rival Amazon.com Inc's haul last quarter from online store sales.But sales growth for the annual shopping festival eased to 26%, the weakest since the event started in 2009, held back by a slowing e-commerce industry in China as the country's economic expansion heads toward a historic low.The event https://tmsnrt.rs/2WTFm7V, a..