These Concerns Hit Alibaba Stock
Alibaba Group Holding Ltd (NYSE:BABA) posted its second-quarter earnings this morning and beat the consensus estimates.
However, BABA stock is under pressure due to an ongoing investigation by the U.S. Securities and Exchange Commission (SEC) over its accounting practices. China's largest e-commerce player is also gearing up for its "Singles Day" sale on November 11, which is also under scrutiny by the regulators.
Alibaba stock reported revenue and earnings that beat analyst expectations in the recent quarter.
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Alibaba Group Holding Ltd (NYSE:BABA) posted its second-quarter earnings this morning and beat the consensus estimates.
However, BABA stock is under pressure due to an ongoing investigation by the U.S. Securities and Exchange Commission (SEC) over its accounting practices. China's largest e-commerce player is also gearing up for its "Singles Day" sale on November 11, which is also under scrutiny by the regulators.
Alibaba stock reported revenue and earnings that beat analyst expectations in the recent quarter.
Den vollständigen Artikel lesen ...