Bloomberg Tech – China’s Web Giants Expected to Post Sales Growth Above 40%

PCV notes that while the overall Chinese economy has been slowing, it’s huge middle class is still fueling tremendous growth in many industries, including entertainment and technology.

May 16, 2017

‘China’s internet titans are set to supply ample evidence that online spending continues to defy a slowdown in the world’s second largest economy.

Tencent Holdings Ltd. and Alibaba Group Holding Ltd. — the dominant forces in Chinese online gaming and shopping, respectively — should both report 40 percent-plus sales growth when they deliver quarterly earnings this week, outstripping Inc. and Alphabet Inc.’

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