Alibaba just keeps growing, shrugging off Trump's trade war and China's slowing economy

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Chinese shoppers don’t appear to be paying much attention to fears of an imminent slowdown in the world’s second-largest economy. At least if Alibaba’s latest numbers are anything to go by.

The enormous e-commerce company managed to add 98 million customers to its book over the last 12 months, as demand continues to grow for Chinese goods.

“Alibaba had a great quarter, expanding our user base to 674 million annual active consumers, demonstrating our superior user experience,” Alibaba Group CEO Daniel Zhang said in the company’s latest results.

A great quarter it was. The marketplace managed to add another 121 million monthly active users as well, bolstering its yearly figures to 755 million.

It made $16.7 billion in quarterly revenue, 42% more than the same period last year. Net profit came in at $3.1 billion.

Read more: Chinese e-commerce giant Alibaba is coming to the US in a major way

That kind of growth, if it continues, puts Alibaba on track to start talking in a few short years about “billions” of users instead of mere “millions.”

But will it be able to keep going?

Retail sales are still growing strongly at 8.3% a year, but that rate of growth is continuing to slow.

The trade war is taking its toll, even with the Trump administration delaying a 10% tariff increases on Chinese goods until December this year.

The impasse that trade negotiations hit in May has helped sink Alibaba’s stock price from around $US195 a share to closer to $US160.

The latest results, however, were enough to see shares jump more than 3% on Thursday in the US.

Investors for now at least seem confident that little will stop Alibaba’s rise.