Alibaba Stock, JD.com Drop. It’s Not Just Soft China Retail Sales. - Barron's
1. Alibaba's stock fell 3.4% following weaker-than-expected retail sales in China. 2. April retail sales grew 5.1%, lower than the 5.7% forecast. 3. Concerns arise over Apple's partnership with Alibaba for AI on iPhones. 4. The Trump administration is scrutinizing this partnership due to regulatory risks. 5. Broader market sentiments negatively impacted Chinese stocks, including Alibaba.