NEW YORK (TheStreet) -- Shares of Alibaba Group Holding are down 8.47% to $90.11 on heavy volume in afternoon trading Thursday after the company reported mixed fiscal fourth quarter results this morning. The Chinese e-commerce giant posted revenue of $4.22 billion for the October to December quarter, below analysts' expectations of $4.45 billion. Net income fell 28% to $957 million, or 37 cents per share, compared to a year ago. Excluding one-time stock option and other costs, earnings totaled 81 cents per share, topping analysts' expectations of 75 cents per share. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. On the conference call, Alibaba Executive Vice Chairman Joseph Tsai called accusations by China's State Administration for Industry and Commerce, "unfair," the Wall Street Journal reports. SAIC claimed that Alibaba lacks control around the selling of counterfeit and illegal products on its platforms, the Journal added. Deutsche Bank analysts believe the Chinese ecommerce company has flaws in the platform's merchant credit rating as well as its comment mechanism. Alibaba is a China-based online and mobile commerce company in retail and wholesale trade, as well as cloud computing and other services. BABA data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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