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Alibaba, JD Tout Singles’ Day Highs While China Economy Sags

China’s biggest e-commerce platforms issued a raft of numbers showing robust sales growth during the country’s biggest annual online shopping gala, belying concerns about the malaise dogging the world’s No. 2 economy.Alibaba Group Holding Ltd., JD.com Inc. and smartphone maker Xiaomi Corp. on Tuesday presented a plethora of statistics to drive home how this year’s Singles’ Day haul was one of the biggest yet. Alibaba said the number of paid 88VIP members who placed orders grew by 50%. Smaller ri...

Read more at bloomberg.com

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