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

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

20190130N Alibaba Hangzhou campus (company photo)

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

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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