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Regulatory Issues Aside, Don't Ignore Alibaba's Hidden Potential


Regulatory Issues Aside, Don’t Ignore Alibaba’s Hidden Potential
InvestorPlace
6 hrs ago
Alibaba (NYSE:
BABA) has had a rough month. The company recently announced that its “loss from operations was 7.66 billion yuan” as a result of its recent fine. Because of negative earnings, BABA stock broke through the important support level of $220. Now BABA stock has lost almost a third of its value from its November highs.
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Alibaba (BABA) sign on orange background in office space
The main cause behind this massive decline is that Chinese regulators have begun exerting regulatory pressure on the country’s large tech firms. Alibaba’s regulatory issues began when the $34.5 billion initial public offering (IPO) of its financial technology affiliate, ....

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