Alibaba shares sink after it shelves IPO plans for two units | CNN Business

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Hong Kong CNN  — 

Shares in Alibaba sank as much as 7% in Hong Kong on Thursday, after the Chinese tech giant reported disappointing sales figures and announced it would suspend listings plans for two of its units.

Chairman Joseph Tsai said during an earnings call that “given the challenging market conditions,” the group was “not in a hurry” about the timing of

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