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Gurus Continue Buying Alibaba Despite China Crackdown

September 14, 2021
Source: gurufocus.com gurufocus.com
News Snapshot:
According to the [Hot Picks of Gurus Screen](/guru/hot-picks) , a Premium feature of GuruFocus, more than 20 gurus bought shares of Alibaba Group Holding Ltd. ( [BABA](/stock/BABA/summary) , [Financial](/financials/BABA) ) during the past three months despite the ongoing crackdown of major Chinese technology companies. On Monday, the Financial Times reported that Beijing planned to break up Alipay, the mobile and online payment platform owned by Alibaba’s Ant Group. Regulators also plan to create a separate app for the fintech giant’s loans business according to Financial Times. Alibaba’s Hong Kong-based shares ( [HKSE:09988](/stock/HKSE:09988/summary) , [Financial](/financials/HKSE:09988) ) closed at 160.80 Hong Kong...
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Tags: Alibaba | Alipay | Alphabet | Ant Group | app | Beijing | Business | capital | cash | China | Chinese | currency | Economy | finance | fintech | Hong Kong | investment | London | mobile | New York | online payment | online shopping | statistics | stocks | technology

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