Wednesday , 13 December 2017

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Alibaba slides after report of Jim Chanos’ short call, Yahoo also slumps

Alibaba Group Holding Ltd. shares slid Friday after CNBC reported that famed short-seller Jim Chanos named the Chinese e-commerce company as a possible short at a conference. Yahoo Inc. , which owns 384 million shares of Alibaba, also fell in tandem. CNBC did not make it clear which conference Chanos was speaking at. Chanos of Kynikos Associates has been bearish on China for years and recently warned that the country can be the next Greece. Shares of Alibaba are off 3.8% to $82.13 and Yahoo shares skidded 3.1%.

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Alibaba slides after report of Jim Chanos’ short call, Yahoo also slumps Reviewed by on . Alibaba Group Holding Ltd. shares slid Friday after CNBC reported that famed short-seller Jim Chanos named the Chinese e-commerce company as a possible short at Alibaba Group Holding Ltd. shares slid Friday after CNBC reported that famed short-seller Jim Chanos named the Chinese e-commerce company as a possible short at Rating:
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