Alibaba stock falls after earnings come up short

Shares of Alibaba Group Holding Ltd. were off more than 3% in premarket trading Thursday after the Chinese e-commerce giant fell short of expectations with its latest financial results.

“This quarter, Alibaba continued to firmly invest into our three strategic pillars of domestic consumption, globalization, and cloud computing to establish solid foundations for our long-term goal of sustainable growth in the future,” Chief Executive Daniel Zhang said in a release.

May God continue to bless you ma'am I never believe trading is going to work out for me because I have lost a lot in different places I know one day they will face the judgment. I really appreciate you for your transparency and trust markdonaldlisaT

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peloton shares rise after company nets $1.07 billion in discounted stock salePeloton said it plans to sell roughly 23.9 million Class A shares at a public offering price of $46, netting the company about $1.07 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Shares in India's Paytm plunge 24% in market debut, business model questionedShares in India's Paytm plummeted 24% in their maiden day of trade, with investors questioning the loss-making digital payments firm's business model despite it having just completed the country's largest-ever IPO. wow
Source: Reuters - 🏆 2. / 97 Read more »