China 's growth has confounded China 's economy with a stronger than predicted 32 % growth in 2Q2015 , and has almost doubled sales on mobile phones to $ 200 , an increasingly important sector for the economy . However , the value of transactions on its platforms grew at a slower pace . These results also added weight to recent comments by Alibaba 's founder and chairman , Jack Ma , that concerns over slowing consumption in China were overdone .
China's Alibaba has confounded China's slowdown with a stronger than predicted 32% rise in 2Q2015, and has almost tripled revenue on mobile platforms to $1.66bn, an increasingly important sector for the company. However, the value of transactions on its platforms grew at a slower pace. These results also added weight to recent comments by Alibaba's founder and chairman, Jack Ma, that concerns over slowing consumption in China were overdone.