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Earnings Outlook: Alibaba earnings: China’s economic issues create concerns for Alibaba

Alibaba Group Holding Ltd. is just a few days away from its biggest shopping event of the year, but Singles Day will arrive amid concerns about whether macroeconomic issues in China are dampening consumer spending.

In the past few weeks, numerous analysts have brought down their Alibaba BABA, +3.99% price targets, arguing that soft wage growth, tightening lending, trade-war fears and lower income from investing could hurt spending power in China. UBS analyst Jerry Liu, who reduced his price target to $220 from $230 in mid-October, said his new estimates reflected “more ad-market and consumer-demand weakness given the macro environment.

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