Ali Shares Hit A New Low Since IPO

At the end of January this year, Alibaba released its three quarter results in 2014. Alibaba reported three quarter revenue of 26 billion 200 million yuan, less than expected 27 billion 640 million yuan. At that time, Alibaba and the trade and Industry Bureau fought against each other. Alibaba shares fell about 9% on that day.

This has given the latent "Wall Street vultures" an excellent opportunity. A few days later, Alibaba was formally charged. Robbins Geller Rudman Dowd LLP filed a complaint with the Southern District Court of New York, accusing the Alibaba of violating the US Securities Exchange Act of. Ma Yun, chairman of the board of directors of Alibaba group, vice chairman Cai Chongxin, CEO Lu Zhaoxi and CFO Wuwei became defendants.

In February, Alibaba began a month of weak trend. In the early March, the Alibaba was hit by a wave of bad luck, including Taiwan's "Ministry of economic affairs" demanding that Alibaba withdraw from the Taiwan market in six months. Bloomberg News Agency reported that Taobao merchants "brushing".

According to Bloomberg news, Taiwan's Ministry of economic affairs has issued a request for Alibaba group to withdraw from the Taiwan market within six months, because the Alibaba Taiwan branch is registered with Singapore company, but the actual holding company is the mainland company.

Meanwhile, according to the Wall Street journal, Alibaba is deeply troubled by the "brushing". Businesses make people pretend to be customers, making false orders, so that the sales volume of businesses can be increased. Higher Sales volume And better evaluation can theoretically make businessmen more easily stand out in the online shopping market.

The specific operation mode of "brushing" is: businessmen pay to "brushing", including commodity prices and fake rewards, businesses send out empty boxes.

The practice of "brushing" is considered to be false marketing, which is prohibited in the United States and China. Businesses know that this is risky, or they face fines or businesses are banned. But respondents said there was no other choice, because this is the only way to let customers see their products.

Alibaba Price of stock It hit a new high in early November last year, reaching a maximum of $120. On Tuesday, Ali reached a low level of $80.03, the lowest since IPO. Ali closed down 2.9%, closing at $81.58. So far, Ali's share price has fallen by 1/3 from its high point. Ali Market capitalization also fell below $200 billion for the first time, compared with a previous break of $250 billion.

However, hedge funds have different views on Alibaba. Wall Street knowledge website has reported that a number of hedge funds have increased Alibaba stocks in the fourth quarter of last year, including tiger global management, Paulson fund company and Third Point company; T. Rowe Price Associates, Wellington management company, and Singapore's state-owned investment company Temasek have cut their Alibaba positions.