Tie-up with Alibaba, impressive results help it defy economic trend

German software company SAP SE is seeing big growth opportunities from China's e-commerce boom and its partnership with Alibaba Group Holding Ltd, said Mark Gibbs, president of the software giant's Greater China region, on Tuesday.

Gibbs' comments came after SAP Greater China delivered a strong financial performance in the first quarter of 2016, defying the country's economic slowdown.