Alibaba notes growth despite Chinese economic slowdown as it turns focus to cloud and entertainment sectors

Alibaba has posted quarterly growth of 55%, as the company buckles down on e-tail and cloud computing.
For the three months leading up to 30 September, the company posted a year-on-year growth of 55% to $5.14bn.
Its commerce wing was up by 41% with entertainment and cloud seeing similar buffs. While China’s economy staggers to a halt, Alibaba looks to be a benefactor of the economic situation.
Joseph Tsai, Alibaba executive vice-chairman said its cloud computing and digital entertainm