Alibaba shrugs off China concerns as revenue jumps 61%

Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth. The Chinese e-commerce giant gross total sales of 80.9 billion RMB ($12.2 billion) for its Q1 2019, beating Bloomberg’s estimate of 80.9 billion RMB. The firm record a […]...