New York (CNN Business) The Chinese consumer is still spending, despite concerns about a trade war-induced economic slowdown. Online retail giant Alibaba reported a more than 40% jump in sales in its latest quarter, results that were better than analysts expected.

Alibaba BABA Walmart WMT JD JD The good news fromcomes on the same day that American retail giant, which owns a stake in Alibaba rival JD.com, also reported impressive results posted solid sales growth earlier this week as well.

Alibaba reported a healthy jump in mobile active users in the quarter and solid gains in sales at both its Tmall and Taobao platforms.

"We are pleased to see sustained user engagement and consumer spending," said Alibaba chief financial officer Maggie Wu in a statement.

Amazon AMZN Microsoft MSFT What's more, sales in Alibaba's cloud computing unit, which competes withand, soared 66% from a year ago.

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