"In terms of our international expansion, the world is a big place. We have made substantial progress in emerging markets like Southeast Asia and South Asia as these markets are ripe for us to add more consumers into our ecosystem," he said.
Tsai further said that China's dependence on exports has reduced over the years and its economy can withstand tariffs on Chinese products.
However, Founder and executive chairman Jack Ma has repeatedly said that Alibaba is interested in doing business with big US brands.
The company reported a total sales of 80.92 billion RMB ($12.2 billion) for its Q1 2019 and record a net profit of 8.7 billion RMB ($1.3 billion) for the period, which was down 41 per cent on account of costs around recent fundraising for Ant Financial, reported TechCrunch.