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Alibaba defies China slowdown amid mobile-spending shift

It is making more money on each mobile purchase by offering better advertising opportunities for merchants

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Alibaba Group Holding Ltd defied China's economic slowdown by capturing the shift of consumer spending to smartphones and expanding advertising on mobile devices.

Hong Kong

ALIBABA Group Holding Ltd defied China's economic slowdown by capturing the shift of consumer spending to smartphones and expanding advertising on mobile devices.

Alibaba had 346 million monthly average users on mobile devices in the quarter ended Sept 30, up 59 per cent

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