Alibaba dips after the company's president warns 'China has slowed down'

Alibaba Group President Michael Evans attributed the pull back in the Chinese economy partially to ongoing trade tensions with the U.S.

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Alibaba Confident in China Sales Despite ‘Troubling Headwinds’“This is a market that requires patience,” Alibaba President J. Michael Evans told the National Retail Federation’s annual trade show in New York on Monday. ”But if you think about where the country is going in the long-term…The future I think looks very good, notwithstanding some troubling headwinds.”
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