News Analysis
Alibaba Group is expecting tough times, as the once high-flying stock of China’s biggest e-commerce company has also been grounded in recent months, declining 30 percent since reaching all-time highs on June 14.
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Alibaba Group, China’s biggest e-commerce giant, is expecting tough times ahead. Its once high-flying stock has also been grounded in recent months, suffering a steep 30 percent decline since reaching all-time highs on June 14.
The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou City, Zhejiang Province, China, on July 20, 2018. Aly Song/Reuters
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Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
