Several Chinese stocks have been gaining recently after signs that pressures on the country’s technology sector might be easing. Shares of Alibaba Group (BABA) have climbed 26% over the past five days amid signs of Chinese authorities easing their crackdowns and regulatory actions on the sector. Last year, the issuance of new gaming licenses was paused in China to limit the time that the country’s young population was spending online. This week, the country saw the second round of gaming license issuances, which has buoyed investor sentiment in the stock. Analyst’s Take The recent price gains come after BABA stock lost nearly half its value over the past year.
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Alibaba (NYSE:BABA)
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