BUZZ-Alibaba's HK stock drops on Q4 revenue miss

Reuters05-16

** HK shares of Alibaba 9988.HK drop 6.7% to HK$120.3; on course for biggest one-day pct decline since April 7

** Stock hits lowest since May 8; top pct loser on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH

** U.S.-listed stock BABA.N fell 7.6% on Thursday

** Chinese e-commerce major posted Q4 revenue below analysts' estimate as it works on new strategies to keep consumers spending amid persistent economic weakness in China, tariff uncertainty

** Jefferies maintains "buy", but trims U.S. stock's PT to $156 from $160

** Citi keeps "buy"; views co as a proxy to China AI and macro rebound

** YTD, Hong Kong stock gains 48.9%, U.S. shares rise 46.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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on course for biggest one-day pct decline since April 7** Stock hits lowest since May 8; top pct loser on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH** U.S.-listed stock BABA.N fell 7.6% on Thursday** Chinese e-commerce major posted Q4 revenue below analysts' estimate as it works on new strategies to keep consumers spending amid persistent economic weakness in China, tariff uncertainty** Jefferies maintains \"buy\", but trims U.S. stock's PT to $156 from $160** Citi keeps \"buy\"; views co as a proxy to China AI and macro rebound** YTD, Hong Kong stock gains 48.9%, U.S. shares rise 46.1% (Reporting by Donny Kwok) ((donny.kwok@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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