Alibaba says China’s slowdown isn’t hurting it all that much
Alibaba Group Holding Ltd. Vice Chairman Joseph Tsai said the e-commerce giant has experienced limited impact from China’s broader economic slowdown as more and more business moves to the internet. “Our business is delinked” from the Chinese economy because “we’re in e-commerce and we’re digitizing the whole sector,” Tsai said Tuesday at the Goldman Sachs Group Inc. technology conference in San Francisco. Tsai said the company’s growth would continue to outpace the broader economy as digital commerce expands faster than the traditional retail business.