Why Alibaba Plummeted on Monday

Alibaba Group Holding (NYSE: BABA) shares were falling Monday, down about 7% as of 11:41 ET. The Chinese e-commerce giant held its annual investor day event last Thursday and Friday to outline its strategy for growth. Apparently, the strategy underwhelmed investors.

Alibaba faces high hurdles to regain any sort of positive sentiment. That's especially true after another regulatory announcement from China's antimonopoly bureau on Sunday, which likely also played a part in depressing shares to open the week.

Image source: Getty Images.

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Source Fool.com