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Chinese President Xi's e-commerce clampdown 'is not regulatory, it's personal,' analyst says

November 19, 2021
Source: yahoo.com yahoo.com
News Snapshot:
John Freeman, CFRA Vice President of Equity Research, joins Yahoo Finance Live to break down Alibaba's earnings amid China's crackdown on tech and e-commerce companies. Video Transcript - Well, we want to get back to the markets and start with Alibaba, that stock down about 9% to 10%. And we have John Freeman here-- he's the CFRA vice president of equity research-- to help us break down this report. And John, revenue full-year guidance-- this is a killer-- lowered to 20% to 23% from about 30%. What went wrong, and why did everybody seem to miss this? JOHN FREEMAN: Well,...
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Tags: acquisition | Alibaba | audit | Baidu | Business | China | Chinese | cloud | communist | e-commerce | Economy | finance | fintech | Google | Hong Kong | Internet | ipo | Jack Ma | online shopping | revenue | search engine | Software | stock market | technology | Xi Jinping

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