Alibaba's Tsai: We are a long-term bet, better than a year ago

Reuters News
Posted: Sep 10, 2015 12:25 AM

SHANGHAI (Reuters) - Alibaba Group Holding Ltd Executive Vice Chairman Joe Tsai said on Thursday he is not thrilled that the company's share price is below its IPO level a year ago, but is confident the e-commerce titan is better than it was then.

Tsai said in an interview with Reuters investors should take a long-term view of the stock rather than looking for a quarter-to-quarter pop.

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Despite fears of a Chinese economic slowdown crippling consumption, Tsai said the country's consumers are "very, very healthy".

(Reporting by John Ruwitch and Paul Carsten)