BABA Stock Price and Chart — SIX:BABA

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Alibaba Group's stock fell 3.85% in pre-market trading after China's fiscal stimulus package was seen as inadequate, resulting in a total decline of 4.2%.

U.S.-listed shares of Alibaba Group Holding Limited fell between 3.8% and 6% as investors reacted negatively to the government's latest fiscal support measures, which failed to impress.

Alibaba Group Holding Limited (BABA) shares fell 3.28% to $96.86 in premarket trading, part of a wider drop in U.S.-listed Chinese stocks following China's new fiscal stimulus announcement.

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About Alibaba Group Holdings Ltd.

Alibaba Group Holding Ltd engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media & Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media & Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.