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Alibaba Suffers From the Chinese Crackdown on Cryptos, As the Digital Yuan Approaches Forex News by FX Leaders

September 12, 2021
Source: fxleaders.com fxleaders.com
News Snapshot:
Alibaba Suffers From the Chinese Crackdown on Cryptos, As the Digital Yuan Approaches [Skerdian Meta] • 2 min read Alibaba has been a great investment as Baba stocks increased from $55 to $320 in four years. Alibaba became one of the biggest companies around the globe and its $37 billion IPO was expected to be the biggest one in stock markets. But, Alibabastocks have turned bearish. It has lost around 50% of the value since topping out in October last year and there’s some good reason behind that. The founder of Alibaba Jack Ma and the giant company have been...
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Tags: Alibaba | Alipay | Ant Group | bank | Bank of China | bitcoin | blockchain | China | Chinese | coronavirus | crypto | currency | E-CNY | Economy | finance | fintech | Hangzhou | investment | ipo | Jack Ma | online payment | online shopping | Renminbi | stock market | stocks

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