Alibaba generated RMB 540.3 billion ($84.5 billion) in gross merchandise volume (GMV) during Singles Day, an annual shopping festival. This year’s figure increased 8% compared to last year, the first single-digit growth for Alibaba in the past decade. recorded RMB 349.1 billion in GMV for its Singles Day promotion, a 28% increase from last year’s figure. [JD press release, in Chinese]