--- title: "U.S. stock market update: Alibaba's net profit fell short of expectations, down 8.23%, Citigroup lowers target price" type: "News" locale: "en" url: "https://longbridge.com/en/news/296645298.md" description: "Alibaba fell 8.23%; Amazon fell 0.33%, with a trading volume of USD 6.642 billion; Latin American commercial services rose 0.58%, with a trading volume of USD 598 million; Pinduoduo fell 0.66%, with a trading volume of USD 399 million; Sea rose 1.15%, with a market value of USD 72.6 billion" datetime: "2026-08-21T19:03:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296645298.md) - [en](https://longbridge.com/en/news/296645298.md) - [zh-HK](https://longbridge.com/zh-HK/news/296645298.md) generator: "portal-rs" --- # U.S. stock market update: Alibaba's net profit fell short of expectations, down 8.23%, Citigroup lowers target price **U.S. Stock Market Midday Update** Alibaba fell 8.23%, with increased trading volume. Based on recent key news: 1. On August 20, Alibaba released its Q1 fiscal year 2027 financial report, with adjusted net profit of 20.72 billion yuan, lower than the market estimate of 25.58 billion yuan, leading to a drop in stock price. Source: Zhitong Finance 2. On August 21, Citigroup slightly lowered Alibaba's target price but maintained a "Buy" rating, believing its AI investments will impact short-term profitability. Source: Zhitong Finance 3. On August 21, U.S. Treasury yields rebounded, putting pressure on global stock markets, and Alibaba's stock price fell under the influence of external markets. Source: Wall Street Insight AI investment increases impact short-term profitability, market volatility is high. **Stocks with High Trading Volume in the Industry** Amazon fell 0.33%. Based on recent key news: 1. On August 21, the overall Wall Street stock market declined, with the Dow Jones Industrial Average down 703 points, the S&P 500 down 66 points, and the Nasdaq down 263 points. Walmart's same-store sales growth in the last quarter fell short of expectations, causing its stock price to drop about 9%, dragging down other retail stocks, and Amazon's stock price was also affected, falling over 2%. 2. On August 20, Amazon showed strong momentum in advertising and other areas, with its Prime Video streaming service potentially growing into a powerful force in the future. Although Walmart's advertising business is growing slightly faster, it lacks a streaming service like Prime Video, making Amazon's competitive advantage in retail more apparent. 3. On August 19, Amazon announced an expansion of its Prime Air service, which will increase the scale of its existing business sixfold. This move demonstrates Amazon's continued investment in logistics and delivery, further solidifying its market position. The overall market performance is weak, and retail stocks are under pressure. Latin American Business Services rose 0.58%. Based on recent news: 1. On August 21, Latin American Business Services performed well in the macroeconomic environment of the Latin American region, managing to grow despite volatility. This boosted investor confidence and drove up the stock price. 2. On August 19, despite a high PS ratio indicating that the stock may be overvalued, the company showed strong profitability, demonstrating high ROE, EBITDA, and gross margin. This further solidified the company's competitive position in the industry, attracting more investor attention. 3. On August 19, Amazon's high revenue growth rate highlighted its competitive advantage in the industry. Although this is not directly related to Latin American Business Services, the overall market's increased focus on high-growth companies indirectly drove up related stocks. Macroeconomic volatility is significant, and cautious investment is needed. Pinduoduo fell 0.66%, with increased trading volume. Based on recent key news: 1. On August 20, Pinduoduo's Xiong'an company surpassed 4,000 employees, showing the company's positive progress in expansion, which may boost market confidence 2. On August 19, analysts showed a divergence in their ratings for Pinduoduo, with some analysts lowering their target prices, reflecting market concerns about its future profitability. 3. On August 19, the cross-border e-commerce industry faced new compliance challenges that could impact Pinduoduo's international business expansion, increasing market uncertainty. The cross-border e-commerce industry is facing compliance challenges. **Stocks ranked among the top in industry market capitalization** Sea rose 1.15%, with increased trading volume. Based on recent key news: 1. On August 19, Sea Ltd COO Ye Gang sold 50,000 shares of Class A common stock at prices between $115.66 and $121.19. This move may raise market concerns about internal confidence in the company, leading to stock price volatility. 2. On August 20, Sea Ltd President Feng Zhao sold 420 shares of Class A common stock at a price of $120.02. Such executive selling behavior is typically seen as a signal regarding the company's future performance, which may affect investor sentiment. 3. On August 21, Tencent's TenPayGlobal partnered with ShopeePay to promote cross-border QR code payment interoperability. This move is expected to enhance Sea's payment service capabilities in the Southeast Asian market, strengthening its market competitiveness. 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(9988)](https://longbridge.com/en/news/296703205.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**