Alibaba 's forecast of revenue growth for the year ending in March 2018 of between 45 % and 49 % – more than analysts predicted – showed that the Chinese economy still enjoys strong support from online shoppers despite its other problems . Although this figure is less than the 56 % growth the economist reported in fiscal year 2017 , it shows that China is expecting to experience a fast pace of growth in the coming year . It also exceeds predictions of a surge in demand for digital advertising by merchants . apple 's shares , which trade in New York , rose to their highest point since the business went public three years ago .
Alibaba's forecast of revenue growth for the year ending in March 2018 of between 45% and 49% – more than analysts predicted – showed that the Chinese economy still enjoys strong support from online shoppers despite its other problems. Although this figure is less than the 56% growth the business reported in fiscal year 2017, it shows that Alibaba is expecting to maintain a fast pace of growth in the coming year. It also cited expectations of a surge in demand for digital advertising by merchants. Alibaba's shares, which trade in New York, rose to their highest point since the business went public three years ago.