Alibaba’s Upbeat Q4 Results Show Things Aren’t So Bad in China’s Economy
Alibaba posted fourth quarter sales that beat expectations, downplaying investors' fears that China's slowing economy is a threat to global growth.
Alibaba (BABA) - Get Report posted fourth quarter revenue that beat expectations, downplaying investors' fears that China's slowing economy is a threat to global growth. That's the assessment from Brenda Kelly, head analyst at London Capital Group. Alibaba's annual active users rose 21 percent year-over-year to 423 million. Kelly also commented on Tesla (TSLA) - Get Report CEO Elon Musk's bold claim that the company wants to produce 500,000 cars by 2018. TheStreet's Scott Gamm reports from Wall Street.
