Tencent's Chief Executive Officer Pony Ma waves next to Alibaba's founder Jack Ma at an event marking the 40th anniversary of China's "reform and opening up" at the Great Hall of the People in Beijing, China December 18, 2018. Photo: Reuters
Alibaba, Tencent earnings to be watched for clues on consumer sentiment in China as trade war swirls
- Alibaba’s earnings are driven by its e-commerce engine, services, entertainment and cloud computing – meaning domestic consumption is always a key factor
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Alibaba
Tencent's Chief Executive Officer Pony Ma waves next to Alibaba's founder Jack Ma at an event marking the 40th anniversary of China's "reform and opening up" at the Great Hall of the People in Beijing, China December 18, 2018. Photo: Reuters