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Companies

Alibaba growth hits 3-year low as shoppers trim big-ticket buys

Downplaying worries, CEO says Chinese consumers still 'upgrading' their lives

Alibaba Group Corporate Campus (Xixi, Hangzhou, China)
Alibaba's Hangzhou campus. China's biggest e-commerce group missed analyst estimates for quarterly revenue. (Source: www.alibabagroup.com)
COCO LIU, Nikkei staff writer | China

HONG KONG -- Chinese e-commerce leader Alibaba Group Holding became the latest company to feel the chill of China's economic slowdown, missing analyst forecasts on quarterly revenue with the weakest pace of growth in three years.

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