Alibaba appears to have hit a slump just months before it plans an initial public offering. Will it find its rhythm again before coming to market?
The Chinese e-commerce giant, which hasn't begun formally marketing its IPO, issued an updated filing Monday that included partial results for the March quarter. One obvious disappointment was revenue growth, which slipped to 39 percent from an incredible 62 percent in the December quarter.
The number appeared to spook investors, with shares of Yahoo falling about 5 percent in afternoon trading. Yahoo owns about 22.5 percent of Alibaba, and investors say that investment reflects the vast majority of the U.S. company's valuation.
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