Alibaba Stock Slides After Q2 Revenue Miss As Beijing Crackdown Bites


Source: newsbreak.com newsbreak.com

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Alibaba Group Holding Limited (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report shares slumped lower Thursday after the China-based retailing giant posted softer-than-expected second quarter sales amid Beijing's broader crackdown on the tech sector. Alibaba said diluted non-GAAP diluted earnings for its U.S.-listed shares for the three...