Why Alibaba Stock Tanked Today

Alibaba (BABA -3.88%) released its latest set of quarterly results late Wednesday, and investors reacted by trading the big Chinese company's stock down the following day. Across that trading session the price of its American depositary shares (ADSes) declined by almost 4%, against an essentially flat-lining S&P 500 index.Fourth-quarter revenue rose, adjusted net income dippedFor its fourth quarter, Alibaba posted total revenue of just over 260.3 billion yuan ($36.56 billion), which was up by 5% year over y ...