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Saturday, September 12, 2015
Alibaba: Why It Could Fall 50% Further - Barron's
The Chinese Internet giant’s stock has been plunging amid an array of problems. Expect more trouble ahead.
It has been a wild ride for investors in Alibaba Group Holding.
After the largest-ever initial public offering of stock, a year ago this week, shares of the Chinese Internet giant surged 75% in their first two months—only to begin a long spiral downward. They fell all the way to the initial price of $68 and then some, recently trading at about $64. The descent probably isn’t over. Alibaba’s shares could fall much further as China’s...