The Alibaba stock price fell yesterday (Thursday) - a lot.
The reasons: lower than expected revenue numbers and regulatory pressures from the Chinese government, who confronted Alibaba on the sale of counterfeit goods through its website. These two factors dovetailed to create a massive sell-off.
But both the revenue miss and the Chinese regulatory pressures will be remedied...
The Alibaba stock price fell yesterday (Thursday) - a lot.
The reasons: lower than expected revenue numbers and regulatory pressures from the Chinese government, who confronted Alibaba on the sale of counterfeit goods through its website. These two factors dovetailed to create a massive sell-off.
But both the revenue miss and the Chinese regulatory pressures will be remedied...
Our Alibaba earnings preview has high hopes for the Chinese e-commerce giant.
Alibaba stock may be seeing some weakness lately, but that's because the broader markets haven't caught on yet to reality.
