Alibaba stock slides as China probes food-delivery price war; BABA investors eye Feb. 19 earnings
Alibaba’s U.S.-listed shares fell 2.3% to $150.96 on Friday after China announced a probe into competition among food-delivery platforms, including Alibaba. The drop followed a 5.7% gain the previous day. Traders cited regulatory scrutiny and AI chip supply updates as key factors. Alibaba’s next earnings report is scheduled for Feb. 19.