Alibaba Stock Is Tumbling After a Bad Earnings Miss

3 years ago 364

Alibaba banal was tumbling Thursday aft the Chinese e-commerce giant’s quarterly results fell good abbreviated of expectations.

U.S.-listed shares of Alibaba (ticker: BABA) fell astir 4% successful premarket trading Thursday. The banal has declined astir 30% this twelvemonth amid a wide crackdown by Beijing connected Chinese exertion companies. Alibaba‘s Hong Kong-listed shares (9988.H.K.) slipped 5.3% Thursday up of earnings.