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Alibaba CEO: Short-Term Movement Won't Affect Long-Term Strategy

Alibaba NYSE:BABA - Alibaba CEO: Short-Term Movement Won't Affect Long-Term Strategy

Shares of Alibaba Group Holding LtdBABA 5.12% slumped heavily on Wednesday after the company reported quarterly revenue that missed Street's estimates.

Alibaba CEO Yong Zhang was on CNBC to discuss the buying patterns of the company's customers and its growth in mobile.

Buying Patterns

"We too are like all other company too and we closely monitor the Chinese economy and the consumer behaviors," Zhang began. "And as we reported this quarter, we have active buyers of 367 million. And when we further analyze the...


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