Chinese internet giant Alibaba (NYSE: BABA) has struggled to accelerate its growth over the past year. The deceleration in China’s economy, heightened competitive activity, and the resurgent virus led to a slowdown in its growth and, in turn, its stock price. Furthermore, regulatory headwinds remained a drag. Given the challenges, the American Depositary Receipt of the Chinese internet giant Alibaba has corrected about 60% from its 52-week high.  Now What? Alibaba’s revenue growth has decelerated sequentially over the past several quarters as economic weakness and competition weighed on the commerce business.
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Alibaba (NYSE:BABA)
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Alibaba (NYSE:BABA)
Historical Stock Chart
Von Aug 2021 bis Aug 2022 Click Here for more Alibaba Charts.