Alibaba fired back at a Barron’s story that predicted a 50-percent stock slide on Monday, claiming the piece contains inaccuracies and misleading assertions. “Your September 12 article with the sensational headline “Alibaba: Why It Could Fall 50% Further” lacks three key ingredients — integrity, professionalism and fair play,” Jim Wilkinson, senior VP of International Corporate Affairs, wrote in a letter to Barron’s editor Edwin Finn. The Barron‘s story compared Alibaba to eBay, which is one of several things with which Alibaba took issue: “Comparing Alibaba’s multiple to eBay’s Pe multiple is flawed because eBay does not operate in China.
- 9/14/2015
- by Jordan Chariton
- The Wrap
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