Alibaba’s (NYSE:BABA) announcements of better-than-expected fourth-quarter results and spin-off of its cloud group were not enough to keep most Chinese tech stocks from moving lower on Thursday.

Alibaba (BABA) shares rose 1% after the company reported an adjusted $1.56 per share on $30.32B in revenue, topping expectations of $1.35 per share and $29.91B in sales.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.