Why Alibaba's Stock Price Sank Despite a Solid Quarter

Last week, (NYSE: BABA) reported second-quarter results for its fiscal 2024, with revenue up by 9% and operating profit jumping 34% year over year. While the result wasn't mind-blowing, it was a solid improvement from last year.

Yet, shares of the Chinese e-commerce giant have tanked by more than 10% since its earnings announcement, indicating there are other issues investors are concerned about now. Let's look at the factors that might have caused the sell-off.

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Source Fool.com