Alibaba shares fell 5.09% to $73.40 on Wednesday after the company disappointed the Wall Street with its fiscal first quarter results. However, HSBC Holdings plc (ADR) (NYSE:HSBC) (LON:HSBA) says that investors might have overreacted. The investment firm says Alibaba is well positioned to benefit from the growth in online shopping in smaller towns and rural areas. Alibaba IPO Excluding lottery sales, Alibaba's GMV grew at 36% Alibaba's June quarter revenue jumped 28% YoY to $3.26 billion, missing analysts' expectations of $3.39 billion. The gross merchandise volume (GMV) rose 34% to $109 billion. However, HSBC points out, the GMV grew at 36% and retail commerce revenue shot up by 29%... More