The Traderszone Network

Published in TZ Latest News 13 September, 2015 by The TZ Newswire Staff

Alibaba shares could fall another 50 percent, says Barron’s cover story

The reasons the weekly financial newspaper gave for the dour outlook: China’s struggling economy, increasing competition in e-commerce and more scrutiny of the company’s culture and governance. Alibaba spokesman Bob Christie said the article “contains factual inaccuracies and selective use of information, and the conclusions the reporter draws are misleading.” The company has posted on the internet a letter to Barron’s editor complaining about the story. “That may only worsen as China’s economic growth drops to its lowest pace in six years,” Barron’s said.