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Alibaba bets on overseas e-commerce unit amid sluggish growth in China

The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.

Costfoto | Nurphoto | Getty Images

Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish.

One bright spot in Alibaba’s latest earnings report was its international e-commerce business unit, which posted revenue of 28.5 billion Chinese yuan ($4 billion) in the December quarter,…

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