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

In this articleBABAThe logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.Costfoto | Nurphoto | Getty ImagesChinese 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, up 44% from a year ago. Alibaba International Digi ...