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Alibaba shares sink after it shelves IPO plans for two units

Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units. ....

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Alibaba: Alibaba approves an additional $25 billion share buyback as its revenue disappoints

Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier. ....

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