Why Alibaba Stock Fell 13.9% in July

·2 min read
Why Alibaba Stock Fell 13.9% in July

Shares of Chinese e-commerce leader Alibaba Group Holding (NYSE: BABA) fell 13.9% in July, according to data from S&P Global Market Intelligence. Alibaba had already been under fire ever since its financial arm, Ant Financial, saw its IPO canceled by Chinese regulators last year. Last month, however, marked a whole new ball game for Chinese technology stocks broadly, especially those listed on U.S. exchanges.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting