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Earnings Outlook: Alibaba stock has taken a hit from China crackdown, but its earnings could be a different story

July 31, 2021
Source: outperformdaily.com outperformdaily.com
News Snapshot:
Alibaba Group Holding Ltd. will be looking to focus attention back onto its business Tuesday following a rough stretch for the broader Chinese internet sector. Chinese technology stocks have taken a hit in recent weeks amid concerns about a government crackdown on powerful technology companies. China has clamped down on ride-hailing giant Didi Global Inc. DIDI, +4.56% just after its initial public offering and has more recently targeted online-education companies in the country . Alibaba BABA, -1.19% is no stranger to regulatory action in China, having paid a $2.8 billion antimonopoly fine earlier this year over its treatment of some...
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