Alibaba shares plummet more than 11 percent after 
during the auction on Thursday 18 November. The company's shares on the New York Stock Exchange fell from $ 161.58 to $ 143.03 per share (minus 11.49 percent). At 18:45 Moscow time, the shares traded at $ 143.57 per share.
The fall is due to the release of the quarterly report and the forecast for the next year. In the third quarter, the company's revenue amounted to 200.69 billion yuan (2.3 trillion rubles), although experts predicted 204.1 billion (2.33 trillion rubles). In 2022, the IT giant expects the slowest revenue growth since it went public in 2014 – 20-23 percent.