Alibaba is being investigated by the CCP. Buy, hold or sell?
www.financetldr.com
News broke yesterday that the Chinese Communist Party (CCP) formally started an antitrust investigation of Alibaba. The stock plummeted by more than 7% in after and pre-market trading. This is the latest development in the ongoing story of a deterioration in relations between Alibaba and the CCP following Jack Ma's harsh criticisms of China's financial regulators on stage at a Shanghai conference in October.
Alibaba is being investigated by the CCP. Buy, hold or sell?
Alibaba is being investigated by the CCP…
Alibaba is being investigated by the CCP. Buy, hold or sell?
News broke yesterday that the Chinese Communist Party (CCP) formally started an antitrust investigation of Alibaba. The stock plummeted by more than 7% in after and pre-market trading. This is the latest development in the ongoing story of a deterioration in relations between Alibaba and the CCP following Jack Ma's harsh criticisms of China's financial regulators on stage at a Shanghai conference in October.