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5 months ago

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Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

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Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

U.S.-listed shares of Alibaba Group Holding declined on Friday following a Morgan Stanley downgrade on concerns over slower turnaround in its key businesses, hours after PDD raced past its rival to become the most valuable Chinese e-commerce firm.

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Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

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Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

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