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Alibaba Group Holding Limited (HK) (HKG: 9988) share price closed 4% lower on Friday (14 May 2021)
Its US shares (NYSE: BABA) ended 6.3% lower a day earlier
The declines came on the back of the e-commerce conglomerate’s first ever quarterly loss in the fourth quarter of 2021
Although Alibaba shares are down some 10% this year, analysts are expecting a 56% upside on the stock
For 2022, the company has provided a full-year revenue guidance of 930 billion yuan (US$144 billion), representing a potential 30% year-on-year increase
Buy and sell Alibaba stocks with an IG account
Alibaba stock price: What’s the update?
Alibaba’s Hong Kong shares fell as much as 5.5% on Friday, after it posted its financial results for the fourth quarter of fiscal 2021.
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