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Bye Bye BABA - China's "Amazon" Plunges After Talking Down Numbers

BABA Shares stalled once again in their efforts to break back above the IPO price of $68. Following a Citi tech conference which reportedly saw Alibaba investor relations talking down their numbers, BABA has plunged over 6%.

  • *ALIBABA WILL HAVE ‘TOUGH COMPS’ IN 3Q: CITI CONF

As Bloomberg reports, Alibaba faces tough comps this quartrr in other revenue category due to anniversarying of some items: IR exec said at Citi conf.