Alibaba (NYSE:BABA) the Chinese e-commerce will be reporting its earnings today by 4 pm EST.
A share is expected to be a profit of 6.07 yuan by the analysts on sales of about 107.5 billion yuan, according to the forecasts compiled by Investing.com.
The market will have some idea of how the Chinese economy will emerge from this pandemic using these results. With the U.S.-China relations worsening the results could be insight and if further disclosure of Alibaba's financials would be allowed to the SEC following the Holding Foreign Companies Accountable Act.
Alibaba(NYSE:BABA) is plunging down by -$4.63, or by -2.14% at $212.16.