This is a China news story, published by CNBC, that relates primarily to Taobao news.
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Chinese consumer spendingCNBC
•Technology
Technology
88% Informative
E-commerce giant Alibaba said its Taobao and Tmall group sales rose by 9% year on year to 101.37 billion yuan ( $13.97 billion ) for the three months ended March 31 .
Alibaba's earnings were positive surprises as there were expectations tariffs would affect consumer behavior.
A Morgan Stanley survey from April 8 to 11 , conducted immediately after the escalation in U.S.-China tensions, found that consumer confidence fell to a 2.5-year low.
China is set to release retail sales data for April on Monday .
Analysts predict a 5.5% year-on-year increase in retail sales for April , down slightly from 5.9% growth in March .
June 18 marks the next major promotional season for shopping in China .
VR Score
93
Informative language
95
Neutral language
62
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
2
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