Investors were not impressed with Alibaba’s (NYSE:BABA) latest quarterly results unveiled yesterday. Following the company’s indication of a continued…
China s Alibaba Group
Holding on Wednesday missed analysts estimates for
third-quarter revenue, hurt by strong competition and faltering
economic recovery in the world s second-largest economy. .
By Tracy Qu Alibaba Group shares dropped as investors weighed a muted quarterly performance and signs of rising competition against fresh plans for buybacks..
Alibaba sees its revenue reach over $36 bln ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.