Alibaba shares have tumbled 40% from an October 2020 peak. It’s now trading at a big discount to Amazon even though both are growing profit at about the same rate. Alibaba's resilient businesses should help the valuation gap narrow: yawen
The China Securities Regulatory Commission convened executives from top global investment banks on July 28 and told them not to “overinterpret” its latest actions, according to a Reuters report on July 29 citing unnamed sources and confirming an earlier report by Bloomberg.
Chinese stocks had their best performance in two months on July 29 with the CSI300 Index gaining 1.9%.Source: REUTERS/Tingshu Wang People walk past a booth of Alibaba Group at an exhibition during China Internet Conference in Beijing, China, July 13, 2021.
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