Shanghai — E-commerce giant Alibaba’s quarterly revenue grew at its weakest pace since 2016, as the impact of a slowing Chinese economy and a crippling Sino-US trade war kept buyers away during its top-sale season. The result is likely to add to investor worries as it highlights the mounting pressures facing the e-commerce behemoth, whose sales are often seen as a yardstick of consumer spending in the world’s second-largest economy. Alibaba, the second most valuable public company in Asia after Tencent, posted on Thursday third-quarter revenue of 117.28- billion yuan ($17.47bn), compared with 83-billion yuan a year earlier. That compares with an estimate for revenue of 118.9-billion yuan from 31 analysts polled by Refinitiv. Net income rose 33% to 30.96-billion yuan, however, beating estimates and sending Alibaba’s stock up by 2% in premarket trade. Alibaba typically posts its highest revenue in the December quarter due to its mega “Singles’ Day” in November — the world’s biggest on...

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