** HK shares of Alibaba 9988.HK drop 6.7% to HK$120.3; on course for biggest one-day pct decline since April 7
** Stock hits lowest since May 8; top pct loser on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH
** U.S.-listed stock BABA.N fell 7.6% on Thursday
** Chinese e-commerce major posted Q4 revenue below analysts' estimate as it works on new strategies to keep consumers spending amid persistent economic weakness in China, tariff uncertainty
** Jefferies maintains "buy", but trims U.S. stock's PT to $156 from $160
** Citi keeps "buy"; views co as a proxy to China AI and macro rebound
** YTD, Hong Kong stock gains 48.9%, U.S. shares rise 46.1%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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