Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA ) stock has been in a bit of a slump this month, due in large part to the coronavirus that is sweeping through China and threatening to be a global epidemic. Does this mean it’s time to drop Alibaba stock from our portfolios and write off one of the biggest publicly traded companies in China? InvestorPlace – Stock Market News, Stock Advice & Trading Tips Alibaba Stock and the Coronavirus Alibaba is coming off another great quarter and saw record sales during its Singles Day promotional event. […] That’s because of fears of the coronavirus, which emerged in December in China and has since infected more than 70,000 around the world. […] Dubbed the “ Amazon.com (NASDAQ: AMZN ) of China,” Alibaba is the biggest e-retailer in China and is responsible for shipping groceries, clothing, electronics, and any number of goods to consumers in China.
Click here to read the full article