Why Alibaba Stock Dived by Nearly 4% Today

An apparent effort at muscling into the e-commerce market of a neighboring country wasn't very impressive to Alibaba (BABA -3.91%) investors on Thursday. They traded out of the Chinese online retailer's stock, to the point where its U.S.-listed shares closed the day down by 3.9%. In contrast, the slumping S&P 500 index shed only 0.3% of its value.A renewed push in South Korea?Nikkei Asia, quoting a report from South Korea's Yonhap News Agency, published an article stating that Alibaba is to invest $1.1 bill ...