Cramer: Chinese consumer is back—here’s why

Cramer: Here's why the Chinese consumer is back

Alibaba Group Holding reported better-than-expected revenue and it has CNBC's Jim Cramer believing the Chinese consumer "is back."

"They are a good referendum into how the Chinese consumer is doing," Cramer told "Squawk on the Street" on Tuesday.

Alibaba Group Executive Chairman Jack Ma.
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The Chinese e-commerce giant posted earnings per share of $1.40 on revenue of 22.17 billion yuan ($3.49 billion), as mobile gross merchandise volume rose to $1.66 billion, accounting for 62 percent of the company's total GMV.

"This is an amazingly strong number," Cramer said.

Alibaba shares were up nearly 5 percent midmorning Tuesday.

—Reuters contributed to this report.

Disclosure: Cramer's trust did not own Alibaba's stock when this article was published.