By John Glenday

Shares in Chinese e-commerce giant Alibaba have slumped just days after regulators slammed it for ‘illegal advertising’ and shoddy quality control after it missed sales targets between September and December.

The shopping juggernaut had been expected to rake in $4.4bn over the period but could only manage $4.2bn in the event, disappointing investors sky high hopes for the firm despite still representing a 40 per cent rise in sales.

Alibaba’s sales hinge on the so-called Singles’ Day, a Far East counterpart to Black Friday, on 11 November which this year pulled in $9.3bn in sales, 60 per cent up on Read full story ›

Source: The Drum