Alibaba: Increased Competition Making Dents In The Stronghold (NYSE:BABA) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Alibaba s concerns over the US export curbs announced by Washington in October come on the heels of similar worries raised this week by Chinese social media and gaming company Tencent Holdings which said the restrictions would force it to seek domestically produced alternatives.
Alibaba stock price is closing in on its March/May lows, likely causing many weak holders to give up. See why we reiterate our buy rating on BABA stock.