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Alibaba could benefit from jump in China luxury spending

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Alibaba Group Holding Ltd may be witnessing a slowdown in online transaction growth, yet it can find consolation in China shoppers boosting their budgets for luxury items.

Hong Kong

ALIBABA Group Holding Ltd may be witnessing a slowdown in online transaction growth, yet it can find consolation in China shoppers boosting their budgets for luxury items.

Consumers are open to paying as much as 4,200 yuan (S$941) for a single item online, according to a

sentifi.com

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