Alibaba’s Friday earnings will shine a light on the health of the Chinese consumer. The Chinese technology and e-commerce giant, is often seen as an economic bellwether and what the results reveal about spending habits will be a focus as China battles a sluggish economy where consumers would rather save than spend.

Turns out that Billionaire investor David Tepper, who said recently he would buy “everything” China-related amid Beijing’s stimulus blitz, trimmed exposure in e-commerce giant Alibaba Group Holding Ltd.

Third-quarter adjusted earnings per American-listed share came in at $1.24 on revenue of $37.1 billion.