Alibaba investors seek catalyst for shares

Hong Kong

ALIBABA Group Holding Ltd has more than doubled profit in the span of a year. But you wouldn't know it from looking at its stock.

Its shares have lost more than a third of their value since peaking at US$120 just months after a record 2014 initial public offering, as the world's largest e-commerce company struggles to recapture its aura. That's despite revenue growth of at least 20 per cent and trumping expectations on adjusted per-share earnings every quarter since its debut.