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Alibaba shows consumers are now king in China

Beijing's rebalancing of the economy has resulted in retail sales becoming a dominant driver of growth

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Alibaba Group Holding's bumper third quarter sales figures are noteworthy given that corporate profits across China are under pressure in an economy on track to deliver its weakest annual expansion in 25 years.

Hong Kong

ALIBABA Group Holding's bumper third quarter sales figures are noteworthy given that corporate profits across China are under pressure in an economy on track to deliver its weakest annual expansion in 25 years. 

Yet the better-than-expected numbers from Alibaba, a company

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