Alibaba Group, China’s largest e-commerce company, reported strong revenue growth on Thursday as it continued to lure shoppers to its websites. PhotoHONG KONG — China’s economic growth is slowing, but its biggest online marketplaces are doing just fine. The underlying assumption that slowing growth in China will eventually hurt Alibaba’s sales has focused more attention on its other businesses. For many American investors, Alibaba is seen as a proxy for the health of the Chinese economy and the strength of its consumers. In the cloud computing sector, Alibaba has to contend with foreign rivals, and it faces a domestic challenge from the search engine Baidu.

Source: International New York Times August 11, 2016 11:35 UTC