Alibaba’s Singles Day shopping event set to end with subdued sales and no fanfare

[1/4] A delivery worker sorts parcels at a makeshift logistics station ahead of Alibaba’s Singles’ Day shopping festival, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, November 10, 2022. REUTERS/Aly Song SHANGHAI, Nov 11 (Reuters) – As Alibaba Group (9988.HK) wraps up the world’s biggest online shopping festival on Friday, the operative word seems to be flat – potentially flat sales and flat in tone with the Chinese e-commerce giant not even holding its usual gala show. The Singles Day shopping festival, which despite its name has evolved into a multi-week event, is a key barometer of Chinese retail…