You commented and I responded (with this video). Here is a deeper-dive into what changed about Alibaba's fundamentals that caused me to reduce the amount of $BABA in my stock portfolio. Thank you for supporting the channel!
WHY I SOLD SOME ALIBABA STOCK ($BABA DISCUSSION) | Fundamental Factors | Alibaba Cloud - https://youtu.be/A013WVpPRqQ
The previous video that prompted this response: https://www.youtube.com/watch?v=4G2G9kB_DvY
Link to Bloomberg article:
https://www.bloomberg.com/news/articles/2022-04-17/alibaba-loses-sight-of-amazon-size-profits-in-china-s-cloud-service-crackdown
"Beijing’s crackdown on the private sector has laid waste to that strategy. Alibaba’s core e-commerce operation is under siege from regulators, and its finance arm has been forced to pull back from some of its most lucrative initiatives. But nothing may illustrate its changing fortunes more than the recent troubles of its cloud computing operation, Aliyun, which is often referred to as AliCloud."
WHY I SOLD SOME ALIBABA STOCK ($BABA DISCUSSION) | Fundamental Factors | Alibaba Cloud - https://youtu.be/A013WVpPRqQ
The previous video that prompted this response: https://www.youtube.com/watch?v=4G2G9kB_DvY
Link to Bloomberg article:
https://www.bloomberg.com/news/articles/2022-04-17/alibaba-loses-sight-of-amazon-size-profits-in-china-s-cloud-service-crackdown
"Beijing’s crackdown on the private sector has laid waste to that strategy. Alibaba’s core e-commerce operation is under siege from regulators, and its finance arm has been forced to pull back from some of its most lucrative initiatives. But nothing may illustrate its changing fortunes more than the recent troubles of its cloud computing operation, Aliyun, which is often referred to as AliCloud."
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