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The CEO of Alibaba says consumers in China still spend in spite of the slowdown



BEIJING-Alibaba Group Holding Ltd. announced the slowest quarterly revenue growth for almost three years, and a robust 41% that still prompted executives to try to overcome market concerns that a giant for e-commerce is hit by China's economic slowdown.

Senior executives told investors and analysts on Wednesday that domestic consumers are still spending, taking into account the economic decline and any consequences of trade tensions with the United States.


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