Alibaba hasn't hit bottom yet: Barron's
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September 15, 2015 11:02 AM EDT
Alibaba (NYSE: BABA) is seeing notable upside today. Shares are up 3.3%. Notably, the upside follows this weekend's Barron's hit piece. Some see that as a sign of the bottom.
Later this week (09/17) EVP Joe Tsai will participate in a fireside chat at the Deutsche Bank 2015 Technology Conference.
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September 14, 2015 7:03 AM EDT
(Updated - September 14, 2015 7:12 AM EDT)
Alibaba (NYSE: BABA) said Barron's report was based on incorrect calculations and contains factual inaccuracies and selective use of information. Alibaba's complete response to the Barron's piece is below.
On Sept. 12, Barron's magazine published a story with the headline "Alibaba: Why It Could Fall 50% Further." Alibaba Group objected to the story in a letter to the magazine's editor, stating that the story "contains factual... More
