Alibaba (BABA) shares tumbled 3.5% on Monday following disappointing Chinese economic data. Retail sales in China rose 1.3% in November, the weakest expansion since 2022 and a sharp deceleration from 2.9% growth in October. The slowdown raises concerns about consumer spending in the world's second-largest economy despite government stimulus efforts. The weakness stems partly from the waning impact of Beijing's trade-in subsidy program for electronics and other goods, which economist Lynn Song at ING Bank ...