The expected easing of regulatory pressure and an increase in the share repurchase program significantly boosted the ADR (American Depositary Receipt) of the Chinese internet giant Alibaba (NYSE:BABA). However, Alibaba has lost a significant portion of its recent gains and has dropped over 19% over the past month. Further, it fell around 6.7% on Thursday and closed below the $100 a share mark.  What’s Hurting Alibaba?  Investors turned their backs on BABA stock following China’s clampdown on its tech giants. Furthermore, an economic slowdown and increased competitive activity took a toll on its growth and, in turn, its share price.
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Alibaba (NYSE:BABA)
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