Plausible deniability: Alibaba has denied an executive's report that the slowing China economy is having a negative impact on its sales growth.
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.
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