Chinese Alibaba Shares Down Nearly 11 percent in Hong Kong Trading on Nov.19 
trading on the Hong Kong Stock Exchange on November 19, according to data from the site.
Papers fall against the background of the release of the company's quarterly reports, which reflected a serious decline in profits – by 87 percent to $ 524 million. At the same time, revenue increased by 29 percent, to 31.1 billion. According to the company's forecasts, annual revenue should grow by 20-23 percent, which is below analysts' forecasts.