Daniel Zhang Yong, Chief Executive Officer and Chairman of Alibaba Group. Photo: SCMP / Winson Wong
Daniel Zhang Yong, Chief Executive Officer and Chairman of Alibaba Group. Photo: SCMP / Winson Wong
Alibaba

Alibaba eyes ‘twin flywheels’ of consumer and industrial internet for growth as new consumers shrink in China

  • Taobao Deals is a key piece of the puzzle, with Alibaba seeing it as a bridge to less affluent consumer groups, helping it to take on rival Pinduoduo
  • Growth at Alibaba Cloud remained strong despite the loss of a ‘top client’ overseas

Topic |   Alibaba
Daniel Zhang Yong, Chief Executive Officer and Chairman of Alibaba Group. Photo: SCMP / Winson Wong
Daniel Zhang Yong, Chief Executive Officer and Chairman of Alibaba Group. Photo: SCMP / Winson Wong
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