An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014.
Credit: /Chance Chan
- Alibaba Group Holding Inc shares were lower before the opening bell on Wednesday, as a six-month period prohibiting insiders from selling their shares was set to expire, in an event that many thought could expose the Chinese e-commerce giant's stock to more weakness.
In early premarket trade, shares were down 1.8 percent to $83.01. Coming into the day's action, the stock was down more than 29 percent from its November high.
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