Wednesday, May 15, 2019

Alibaba earnings hint at China’s ability to weather trade war | China News

China‘s e-commerce giant Alibaba Group reported better-than-expected fourth-quarter sales on Wednesday, suggesting still-solid consumer demand in the world’s second-largest economy. But this announcement is overshadowed by a slowing Chinese economy and the growing China-United States trade war. On Wednesday, Alibaba’s share price closed up 1.58 percent after its latest earnings release. Its

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