Alibaba’s Stock Drops 5% To Lowest Close Since Record IPO

Shares in Alibaba Group, led by billionaire Jack Ma, dropped by 5% in overnight trade in the U.S. last night to their lowest close since the company’s record-breaking IPO last September, pressured downward by a quarterly earnings report that disappointed investors.

from Forbes – Tech http://ift.tt/1UDJCR2
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