TECH - What's Going On With Alibaba Stock Monday? | Benzinga
Alibaba Group Holding Limited (NYSE: BABA) stock is trading lower on Monday in line with the broader indexes IShares China Large-Cap ETF (NYSE: FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE: KWEB).
The selloff reflects concerns over China's property woes after China Evergrande Group, the world's most indebted developer, canceled creditor meetings in a setback to its debt restructuring plans, SCMP reports. Poorer-than-expected sales led to the cancellation.
According to China Galaxy ...