28-01-2016 16:09 via news.yahoo.com

Alibaba delivers on revenue but feels China slowdown

(Reuters) - Strong holiday sales helped e-commerce giant Alibaba Group Holding Ltd beat forecasts on Thursday with a 32 percent rise in third-quarter revenue, but it was not immune from China's slowdown. Alibaba's results also reflected a weakening of the Chinese economy, with so-called gross merchandise volume (GMV) rising by its slowest annual rate in more than three years. As Chinese growth fell to its weakest pace in 25 years, Alibaba's GMV -- the total value of goods transacted on its platf
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