Today we dive into Alibaba stock earnings which were reported this morning. The stock is selling off on the report - so we'll take a look to see how Alibaba's business of e-commerce and cloud computing is going in China. The stock has been under pressure over the last few months - primarily due to a botched ANT Group IPO and subsequent probe by the Chinese government into anti-monopoly practices. It appears that those issues are being worked out, although no final decision has been made. We then take a look at the stock chart of Alibaba - which has two clear levels it has formed.
- Catégories
- E commerce Divers
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