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L’Oreal, Nestle score big at Alibaba’s Singles’ Day shopping fest

Chinese shoppers snapped up food supplements, facial masks and baby milk powder at the world’s largest shopping festival, with brands such as L’Oreal (OREP.PA) and Nestle NESN.N among the biggest winners, Alibaba (BABA.N) data showed. The Chinese e-commerce giant’s annual Singles’ Day shopping blitz on Monday brought in a record 268.4 billion yuan ($38.38 billion)
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