Alibaba
and other Chinese tech stocks appear to have reversed a brutal two-12 months slide this month. Buyers betting on a rebound may well be disregarding the chance of China’s “zero Covid” guidelines and just how much far more these shares could be damage.
Alibaba
(ticker: BABA) missing practically 50 % its price in 2021 as, together with the relaxation of the Chinese tech sector, it observed by itself on the completely wrong side of regulators in equally Beijing and Washington. The image cleared up very little in 2022, with China’s restrictive guidelines to manage Covid-19 ushering the firm to its worst profits progress on record.
Alibaba
and other Chinese tech stocks appear to have reversed a brutal two-12 months slide this month. Buyers betting on a rebound may well be disregarding the chance of China’s “zero Covid” guidelines and just how much far more these shares could be damage.
Alibaba
(ticker: BABA) missing practically 50 % its price in 2021 as, together with the relaxation of the Chinese tech sector, it observed by itself on the completely wrong side of regulators in equally Beijing and Washington. The image cleared up very little in 2022, with China’s restrictive guidelines to manage Covid-19 ushering the firm to its worst profits progress on record.
