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Jack Ma has addressed Alibaba's investors and claims that China's slow growth should not bother them.

The founder and chairman of Alibaba, Jack Ma, stated in a letter posted on Tuesday on the organization’s U.S. focused webpage, Alibaba Defined, that the decelerating consumption in China should not bother venture capitalists. The Hangzhou-based organization’s market capitalization has diminished by more than $120,000,000,000 from its highest position, with the second largest economy moving towards its lowest level of expansion since 1990, as the chairman pursued to assure his venture capitalists.

Alibaba News exclaimed that Jack mentioned, “Recently, signals of China’s economic slowdown have triggered widespread concern and, I believe, overreaction around the world.” In accordance to the National Bureau of Statistics, the Chinese economy slumped by 7% in the year’s second quarter and government anticipates the yearly growth to be around the same degree, claiming it the slowest yearly progress in 25 years.

Mr. Ma stated that the slump was not only controllable, but also quite restorable. He retold his venture capitalists that as China's GDP achieved a 5% growth rate, the most populated country’s growth rate is double than that of established economic powers.

Alibaba Breaking News reported that one of Asia's wealthiest men, Mr. Ma, advised that the organization should accept change concentrating on big data, improvement of the rural economy, and globalization in the next decade.

Alibaba News today affirmed that Ma is gambling on the utilization of internet technology and big data to fuel local consumption and create exponential developmental prospects. He stated, “We firmly believe that we will see substantial returns from the investments we have made in data and related technologies over the past six years and will continue to make in years to come. Still in its infancy, we are working to make data and cloud computing the foundation for an inclusive economy. The future potential is massive.”

Mr. Ma has given statements after the presence of fake products on Alibaba's trading platforms that played a role in contributing to a decline in stock. In recent times, the AAFA stated that the online trading platform, Taobao, should be made a part of the American government “Notorious Market” list for the delivery of counterfeit goods.

The company previously took a measure to address the concerns of its investors and decided to open offices in European Union, which could attract merchants towards its trading platforms. It intends to open its offices in Germany, France, and Italy as well.

It is quite likely that Mr. Ma's message would not only reshape the decisions of its stakeholders but also appease followers and the Chinese authorities, as he has sent a message that would make the largest corporations believe it could explore the potential of one of the largest economies in the modern world.