https://techcrunch.com/2018/08/23/alibaba-shrugs-off-china-concerns-as-revenue-jumps-61/

Tencent had an unexpected miss this week, but Chinese rival Alibaba experienced no such issue today as it beat analyst expectation after clocking 61 percent annual revenue growth.

The Chinese e-commerce giant reported total sales of 80.92 billion RMB ($12.2 billion) for its Q1 2019, fractionally beating Bloomberg’s estimate of 80.88 billion RMB. The firm record a net profit of 8.7 billion RMB ($1.3 billion) for the period, down 41 percent.