U.S.-traded shares of Alibaba Group Holding Ltd. sank Wednesday following a report that SoftBank Group Corp. has moved to sell most of its stake in the...
U.S.-traded shares of Alibaba Group Holding Ltd. sank Wednesday following a report that SoftBank Group Corp. has moved to sell most of its stake in the Chinese tech giant.
Alibaba... U.S.-traded shares of Alibaba Group Holding Ltd. sank Wednesday following a report that SoftBank Group Corp. has moved to sell most of its stake in the Chinese tech giant. Alibaba shares BABA fell nearly 6% during regular trading Wednesday, and slipped another 1% in after-hours trading. But Alibaba’s valuation has plummeted in recent years, with shares currently trading around $94, after topping $300 in October 2020.
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