The former, which accounts for nearly three-quarters of its topline, inched ahead just 7% in the quarter YoY, impeded by a regulatory crackdown and growing homegrown competition. This despite Alibaba accounting for Singles Day in the quarter with gross merchandise value (a measure of all goods sold in the 11 day period) coming in at RMB 540.3 billion. Yet this metric is often misleading since not all this accrues to Alibaba. At the end of the day profit for the Chinese business dipped 20% on year.