The online retail event, ‘Singles’ Day’, has seen record-breaking sales, worth over €47 billion, on sites owned by China’s Alibaba. The spending spree comes as Alibaba and other Chinese tech firms face new regulations from Beijing, designed at preventing unfair competition in the sector. Also today, we look at the legal challenge being mounted by TikTok in the United States against executive orders forcing a restructuring of its ownership. A deal agreed with Oracle and Walmart is still awaiting approval from the US government.
Singles’ Day breaks online sales records as Alibaba faces new regulations
