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An attendee walks through a display booth for Aliyun, Alibaba Group Holding Ltd.'s cloud computing unit, at Alibaba's annual November 11 Singles' Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016. Alibaba broke its $14 billion Singles' Day sales record with room to spare, offering assurances about the strength of the Chinese consumer despite the nation's economic slowdown. Photographer: Qilai Shen/Bloomberg via Getty Images

An attendee walks through a display booth for Aliyun, Alibaba Group Holding Ltd.'s cloud computing unit, at Alibaba's annual November 11 Singles' Day online shopping event in Shenzhen, China, on Friday, Nov. 11, 2016. Alibaba broke its $14 billion Singles' Day sales record with room to spare, offering assurances about the strength of the Chinese consumer despite the nation's economic slowdown. Photographer: Qilai Shen/Bloomberg via Getty Images