Comment on Alibaba stock stumbles over lower-than-expected earnings and illegal-goods row

Alibaba stock stumbles over lower-than-expected earnings and illegal-goods row

China’s biggest e-commerce company announces 40% revenue increase and bests profit forecast but stands accused of not combatting illegal activitiesShares in Chinese e-commerce company Alibaba crashed on Thursday as the company reported a slide in revenue growth and fended off accusations of trading in fake goods.Alibaba suffered a 10% drop in its share price in early trading after announcing a 40% increase in revenues in the final quarter of 2014.

 

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