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Chinese e-commerce giant Alibaba's shopping extravaganza 11.11 got off to a roaring start with total GMV surpassing $1 billion within 1 minute and 8 seconds after the sale started. New benchmarks were set when total GMV surpassed $10 billion in less than 30 minutes on 11.11 sale and $16.3 billion in less than 90 minutes. The retail e-commerce giant with a net worth amounting to $486...

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