SHANGHAI: E-commerce giant Alibaba has denied its sales volume growth has slowed into single digits because of China’s faltering economy, the official Xinhua news agency reported, after comments by an executive raised worries over performance.
The company dismissed media reports that turnover on its hugely popular online platforms would grow less than 10% for the quarter ending in September, Xinhua said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!