Alibaba CEO Says China Consumers Still Spending Despite Slowdown

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Alibaba Group Holding posted its slowest quarterly revenue growth in nearly three years

 

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Changing tide

Bull. Their singles day was a record for them this year: $38 billion in one day. Accelerated growth in MUAs and active consumer growth net increase of Chinese consumer in 2018 of 35 million. Tmall, Alibaba Cloud, Alibaba Pictures, and YoY growth of 41%. No slow downs.

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