https://www.cnbc.com/2018/08/24/us-listed-chinese-stocks-fall-after-alibaba-disappoints.html

Shares of major Chinese tech companies fell in New York trading after tech conglomerate Alibaba reported adjusted quarterly earnings that missed expectations.

The company also warned in an earnings call that profit growth may slow in the near term due to investments in new businesses and consolidation of its Ele.me food delivery unit and local services firm Koubei.