Alibaba sees China retail volume growing near pre-pandemic levels but stock falls amid U.S.-China tensions
May 22, 2020 at 11:51 AM EDT
Alibaba Group Holding Ltd. said that volume on its China retail marketplaces was back to growing near pre-pandemic levels, but its shares dropped about 4% in Friday morning trading on a weak day for Chinese internet stocks given new fears about U.S.-China relations.