Alibaba Confident in China Sales Despite ‘Troubling Headwinds’

Alibaba's president expressed optimism in the country’s consumer market despite recent data showing a deepening economic slowdown

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alibaba dips after the company's president warns 'China has slowed down'Alibaba Group President Michael Evans attributed the pull back in the Chinese economy partially to ongoing trade tensions with the U.S.
Read more »

Toyota pushes hybrids despite slowing gas-electric auto salesToyota's emphasis of hybrids comes at a time when U.S. demand for the traditional gas-electric vehicle is dropping. LMC Automotive estimates full hybrid sales in the U.S. fell 6 percent last year, while Toyota's hybrid sales dropped 5 percent.
Read more »

WSJ Investigation: China Offered to Bail Out Troubled Malaysian Fund in Return for DealsThe secret discussions show how China uses its political and financial clout to bolster its position overseas, especially for its “Belt and Road” infrastructure project. Malaysia’s new leader has since put the deal on hold.
Read more »

Asian markets rise despite slower economic growth in ChinaShares in Asia rose Monday, extending gains on Wall Street last week. Buying enthusiasm has been spurred by renewed hopes for progress on resolving the trade standoff between the U.S. and China. Shares rose in Shanghai and Hong Kong early Monday despite news that China’s economy grew at its lowest pace in three decades last year.
Read more »