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Alibaba Earnings Topped Estimates. Why the Stock Is Falling.

Por: MarketWatch Business November 17, 2022

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While the figures mark a return to growth for Alibaba after recording flat annual sales for in the second quarter, it is still a historically weak expansion. The company has suffered from Beijing’s zero-Covid policy and last week declined to release sales numbers for the biggest annual shopping event in China, Single’s Day, saying only that figures were comparable with the prior year. American depositary receipts (ADRs) of Alibaba were down... + full article



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