BABA shares decline nearly 2% in afternoon trade, marking a seventh consecutive session of losses amid a 9% drop over six days.
Alibaba Group’s stock dropped nearly 2% to $100.60 in Wednesday afternoon trading, extending its losing streak to seven straight sessions. The decline follows a nearly 9% loss over the previous six sessions.
The e-commerce giant has faced persistent selling pressure, though no specific catalyst was cited for the continued downturn. Market sentiment remains cautious amid broader macroeconomic concerns and regulatory uncertainties in China.
Trading volume and futures activity will be closely watched as investors assess whether the slide will persist or stabilize in the near term.