Alibaba Group Holding Limited (NYSE:BABA) today kicked off the 2018 11.11 Global Shopping Festival at midnight in China. Early highlights of this year’s festival included: · US$10 billion (RMB69.3 billion) of total GMV was settled through Alipay in 1 hour and 48 seconds · US$1 billion (RMB6.9 billion) of total GMV was settled through Alipay in the first 1 minute and 25 seconds · Participation from more than 180,000 brands In the hours leading up to the shopping event, Alibaba’...