Based in China, Alibaba (BABA) runs a popular e-commerce platform where a wide variety of products are bought and sold. I am neutral on the stock. Between supply chain disruptions and COVID-19 lockdowns, businesses in China have been under tremendous pressure in 2022. The last thing they need is for the government to place harsh restrictions on technology-related companies. Yet, it appears that Beijing hasn't made it easy for tech companies like Alibaba to conduct business. The Chinese government's concerns over cybersecurity have, it seems, resulted in policies that inhibit revenue generation.
https://www.tipranks.com/news/article/alibaba-stock-expect-more-volatility-amid-relentless-crackdowns?utm_source=advfn.com&utm_medium=referral
Alibaba (NYSE:BABA)
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Alibaba (NYSE:BABA)
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