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Alibaba Stock Price Climbs After This Shareholder Letter Delivery (NYSE: BABA)
The Alibaba stock price has climbed 15.3% in October and is up another 2.9% today (Thursday) after the company released a letter to shareholders reassuring them of the company's growth prospects.
But since November, the Alibaba stock price has fallen roughly 45% amid concerns over a slowing economy in China.
Today, Alibaba Chairman Jack Ma's letter addressed those bearish concerns.
The Alibaba stock price has climbed 15.3% in October and is up another 2.9% today (Thursday) after the company released a letter to shareholders reassuring them of the company's growth prospects.
But since November, the Alibaba stock price has fallen roughly 45% amid concerns over a slowing economy in China.
Today, Alibaba Chairman Jack Ma's letter addressed those bearish concerns.