Alibaba Stock Is Tumbling After a Bad Earnings Miss and Slashed Sales Outlook

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https://www.barrons.com/articles/alibaba-baba-stock-tumbles-earnings-sales-miss-51637235745

Updated Nov. 18, 2021 7:43 americium ET / Original Nov. 18, 2021 6:43 americium ET

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Alibaba banal was tumbling Thursday aft the Chinese e-commerce giant’s quarterly results fell good abbreviated of expectations and the institution chopped its income outlook for the afloat year.

U.S.-listed shares of Alibaba (ticker: BABA) fell adjacent 5.5% 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.

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