Alibaba's Share Price Has Dropped Sharply From 30% To The Highest Point.

About Alibaba group and China State Administration for Industry and Commerce about counterfeit goods storm, for Alibaba The impact is still continuing. On Tuesday, Alibaba shares also hit the lowest closing price since listing, largely due to lawsuits by US law firms.

Tencent technology through the U.S. stock market system, on the same day, Alibaba shares fell 0.78 U.S. dollars, or 0.91%, closing price of 84.69 U.S. dollars. At present, Alibaba's market value is US $210 billion 700 million.

In the post trading session, Alibaba shares continued to decline slightly.

According to foreign media reports, this is the lowest closing price recorded by Alibaba group since its listing. The previous record took place in October 14th last year at $84.95.

Tencent technology has noticed that Alibaba's share price has fallen by 28.9% compared with the US $119.15 in November 10th last year. Since November 10th, the stock price of Alibaba has seen a sharp decline.

Alibaba's recent share price has plummeted, which is widely believed by the media to be related to the storm of fake reports reported by China's State Administration for Industry and commerce. A US law firm has filed a lawsuit against Alibaba that the company did not disclose to investors about the "listing" before listing. Fake storm True and detailed information.

Last Friday, the United States boymlands law firm represented investors who bought Alibaba shares between October 22nd and January 28, and filed a class action lawsuit against Alibaba companies and some executives in the Southern District Court of New York.

In addition to litigation related to counterfeit goods, Alibaba's fourth quarter earnings report did not satisfy Wall Street analysts. Revenue did not reach the expected value, and net profit fell by 30% over the same period.

Many analysts believe that Alibaba may have fallen into a similar predicament of Baidu Inc's mobile terminals, that is, users are more likely to visit Alibaba through mobile clients, but the company has not been able to get enough revenue and profits on mobile terminals. Internet advertising for sellers is one of the most important business models of Alibaba.

In addition, YAHOO It has decided to spin off the shareholding of Alibaba into an independent listed company and distribute it to the existing YAHOO shareholders. This rare phenomenon in the capital market will bring huge volatility to Alibaba's stock price in the future. Some analysts believe that Alibaba group may acquire this spin off Holding Company.