A hoarding promotes Singles' Day sales on Alibaba’s Tmall and Taobao platforms in Hong Kong’s Causeway Bay shopping district. The e-commerce giant fell short of expectations when it reported second-quarter results on Thursday. Photo: Xiaomei Chen
A hoarding promotes Singles' Day sales on Alibaba’s Tmall and Taobao platforms in Hong Kong’s Causeway Bay shopping district. The e-commerce giant fell short of expectations when it reported second-quarter results on Thursday. Photo: Xiaomei Chen

Hong Kong stocks drop for third day, end week lower as Alibaba posts largest single-day drop on poor quarterly earnings

  • The e-commerce giant posts largest single-day percentage decline, declines 10.9 per cent
  • Hang Seng Index falls for the third day in a row, erasing earlier gains to close the week with a 1.2 per cent loss

Topic |   China’s crackdowns
A hoarding promotes Singles' Day sales on Alibaba’s Tmall and Taobao platforms in Hong Kong’s Causeway Bay shopping district. The e-commerce giant fell short of expectations when it reported second-quarter results on Thursday. Photo: Xiaomei Chen
A hoarding promotes Singles' Day sales on Alibaba’s Tmall and Taobao platforms in Hong Kong’s Causeway Bay shopping district. The e-commerce giant fell short of expectations when it reported second-quarter results on Thursday. Photo: Xiaomei Chen
READ FULL ARTICLE