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Alibaba Mirrors the Fits and Starts Rise of China’s New Economy – Bloomberg Business

When Alibaba Group Holding Ltd. on Tuesday released bumper third quarter sales figures, the e-commerce company’s stock price shot to the highest level in more than two months. The upbeat results were noteworthy, given that corporate profits across China are under pressure in an economy on track to deliver its weakest annual expansion in 25 years.

Source: Alibaba Mirrors the Fits and Starts Rise of China’s New Economy – Bloomberg Business


Categorised as: interesting

Posted by: Kramer

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