After peaking with its Singles’ Day shopping spree in early November, Alibaba has been steadily decreasing. Recently, it has dipped back under the initial listing price it had back in September, and with a current price of $85.68 per share on the New York Stock Exchange, it has fallen from its all-time high of $120.00 to fairly close to its all time low on the NYSE of $82.81. The internet store has slowly started to listen to the warning signs, and has recently decided to buddy up to Meizu Technology; a start up smartphone developer. Meizu might not be a Samsung-sized superpower just yet, but they do have the advantage of China’s single most popular mid-range smartphone. The partnership may not yet be be Alibaba’s next Single’s Day, but could help Alibaba recover the further 1.52% slump experienced Friday.
February 9, 2015 – Stock Market News
After peaking with its Singles’ Day shopping spree in early November, Alibaba has been steadily decreasing. Recently, it has dipped back under the initial listing price it had back in September, and with a current price of $85.68 per share on the New York Stock Exchange, it has fallen from its all-time high of $120.00 to fairly close to its all time low on the NYSE of $82.81. The internet store has slowly started to listen to the warning signs, and has recently decided to buddy up to Meizu Technology; a start up smartphone developer. Meizu might not be a Samsung-sized superpower just yet, but they do have the advantage of China’s single most popular mid-range smartphone. The partnership may not yet be be Alibaba’s next Single’s Day, but could help Alibaba recover the further 1.52% slump experienced Friday.
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