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Avoid Alibaba Stock Amid Chinese Government Regulations

December 16, 2021
Source: investorplace.com investorplace.com
News Snapshot:
Disciplined investors who avoid political and country risks would not look at Alibaba (NYSE: BABA ). The crackdown on technology companies is hurting the e-commerce giant. The U.S./China trade war, which began during the last U.S. administration and is continuing through President Joe Biden’s administration, is not helping BABA stock. China ordered Didi (NYSE: DIDI ) to delist from the U.S. exchange and to re-list on its own Hong Kong market. The Securities and Exchange Commission (SEC) then re-asserted accounting transparency requirements. This leaves Alibaba investors scrambling to decide if the stock is a hold or one to sell. Jack...
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