Alibaba stock slides as China probes food-delivery price war; BABA investors eye Feb. 19 earnings
New York, Jan 10, 2026, 11:40 EST — The market has closed.
- Alibaba’s U.S.-listed shares dropped 2.3% on Friday, erasing some of Thursday’s gains
- China announced plans to probe competition among food-delivery platforms, including Alibaba
- Traders are eyeing China’s regulatory moves, updates on AI chip supplies, and Alibaba’s upcoming earnings report due Feb. 19
Alibaba Group Holding Ltd’s shares on the U.S. market slipped 2.3% to $150.96 on Friday, pulling back following a 5.7% jump the previous day. (Yahoo Finance)
The dip followed China’s announcement of a probe into aggressive competition among food-delivery platforms run by tech giants like Meituan and Alibaba. The move targets subsidy-fueled…
