HONG KONG (AFP): Hong Kong tumbled Friday (Nov 19) on an otherwise positive day for Asian markets, with Chinese ecommerce titan Alibaba tanking more than 10 per cent after warning of a weaker outlook.
Alibaba said Thursday that net profit tumbled 81 per cent in the second quarter and revenue grew less than forecast as it was hit by the impact of slowing economic growth and a government crackdown on the tech sector.
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