• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Alibaba stock slides 11% on revenue miss, lower guidance

by
November 18, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Reuters

Related Posts

Insiders Pour Millions Into These 2 Beaten-Down Stocks, Analysts Say They Could Be Ready to Bounce Back — Here’s Why You Should Pay Attention

Arby’s employee found dead in freezer had ‘beat her hands bloody’ trying to escape, lawsuit says

Markets are sounding alarms on China’s economy, but analysts say Wall Street is missing the big picture

3 reasons why even China doesn’t want the yuan to replace the dollar as the world’s reserve currency

Alibaba sees annual growth slowing sharply as consumption lags

China’s Alibaba forecast annual revenue to grow at its slowest pace since its 2014 stock market debut as second-quarter results missed expectations due to slowing consumption, increasing competition and a regulatory crackdown. U.S.-listed shares of Alibaba Group Holding Ltd, which expects fiscal year 2022 revenue to grow by 20% to 23%, tumbled 10.3% in pre-market trading on Thursday. Beijing has come down hard on China’s big tech, citing antimonopoly and security reasons, hitting bottomlines and stock prices at companies including Alibaba and gaming giant Tencent Holdings Ltd. Tencent last week posted its slowest revenue growth since it went public in 2004.

Next Post

Macy's plans to shut 10 department stores in January while delaying other closures

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Insiders Pour Millions Into These 2 Beaten-Down Stocks, Analysts Say They Could Be Ready to Bounce Back — Here’s Why You Should Pay Attention

by
May 30, 2023
0

Read more

Insiders Pour Millions Into These 2 Beaten-Down Stocks, Analysts Say They Could Be Ready to Bounce Back — Here’s Why You Should Pay Attention

Arby’s employee found dead in freezer had ‘beat her hands bloody’ trying to escape, lawsuit says

Markets are sounding alarms on China’s economy, but analysts say Wall Street is missing the big picture

3 reasons why even China doesn’t want the yuan to replace the dollar as the world’s reserve currency

The AI Boom Runs on Chips, but It Can’t Get Enough

Nvidia is not the only firm cashing in on the AI gold rush

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews