Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost
1. Alibaba's Taobao and Tmall sales rose 9% YoY to 101.37 billion yuan. 2. AI improvements contributed to Alibaba's marketing revenue growth of 12% YoY. 3. Trade tensions could affect future consumer behavior and sentiment. 4. Alibaba's profit fell significantly short of analysts' estimates, impacting stock price. 5. Expectations for upcoming retail data suggest slowing growth in consumer spending.