When Alibaba publishes its quarterly earnings in New York today, the Chinese ecommerce group will face the clamour from a crowd of increasingly sceptical investors.
There is a palpable sense among analysts that Alibaba’s honeymoon — which saw the ecommerce group break records with last year’s $25bn New York listing — is over.
Since November, Alibaba’s share price has fallen from more than $119 to $79 earlier this week — the first time its shares have dipped below $80 since its record-breaking initial public offering in September.
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