BEIJING -- China's Alibaba is maintaining its reputation as an e-commerce powerhouse, booking a 40% surge in sales in its latest quarterly earnings report, although Chinese gross domestic product growth reaching a 30-year low of 6% and ongoing uncertainties surrounding the Sino-American trade war cloud the country's outlook somewhat.
China tech
Alibaba defends No.1 position in China's e-commerce market
First earnings since Jack Ma's resignation sends optimistic signal to the market
Alibaba Group Executive Chairman and CEO Daniel Zhang. © Reuters
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