Alibaba executive tells investors not to worry about US delisting

Tech giant defends accounting practices after first profit drop since 2016

20200521N Alibaba

Alibaba shares were down in morning trading Friday on the New York Stock Exchange.  © Reuters

COCO LIU and ALEX FANG, Nikkei staff writers

HONG KONG/NEW YORK -- With the coronavirus pandemic weighing down operations and investments, Alibaba Group Holding has reported its first quarterly profit decline since 2016.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.