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Alibaba Will Not Provide Earning Guidance for 2022 due to COVID-19 Risks. Share Price Down 20% in 2022

May 27, 2022

Jack Ma 2 — Alibaba Group Founder, Jack Ma

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Alibaba Will Not Provide Earning Guidance for 2022 due to COVID-19 Risks. Share Price Down 20% in 2022

27th May 2022 | Hong Kong

Alibaba Group has announced that it will not provide earning guidance for 2022 (fiscal year) due to COVID-19 risks. In 2022, Alibaba Group share price is down 20.7% (HKD 115, HKD 91.20 27/5/22). In 2020 October, Alibaba Group was trading a high of HKD 298, a 70% drop (HKD 91.20 27/5/22). The current market capitalization of Alibaba Group is around $260 billion (27/5/22).

“ Alibaba Will Not Provide Earning Guidance for 2022 due to COVID-19 Risks “

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