Baba’s Ant drama coming to an end?

After a multi-year crackdown by the the Chinese regulatory authorities, the verdict is out for $Alibaba(BABA)$ affliliate - Ant group. A fine of close to USD 1 billion is imposed on Ant group. Hopefully with the payment of this fine, the scrutiny on the Fintech will be lifted and it can get on track to be IPO-ed again in no time!

Although the future is still uncertain, but investors are thrilled by the likely end to the regulatory crackdown, and a 8% rally just happened.

On top of this good news, other notable structural changes in Alibaba business is none other than their division of the business into 6 distinct slices - China commerce, International commerce, Cloud AI, Digital Media & Entertainment, Logistics and Local consumer services. This move is to allow the respective businesses to operate and grow more nimbly, in hopes to create better value for end consumers as well.

Despite all the drama that happened in the past few years, I have held on to my Alibaba investments. Is this going to be the start of the Baba resurrection? I am definitely excited for Alibaba as an investor. What about you?

@TigerStars @MillionaireTiger @Daily_Discussion @CaptainTiger

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Comments

Ella Hill
2023-07-08
Ella Hill
In analysing resistance, we note an important area.
The resistance area ranges from 18.36 to 18.36. This area is made up of a combination of multiple trend lines over multiple time frames.
WernerBilly
2023-07-08
WernerBilly
it was reported china top 10 internet tech companies, baba is no.2 with EV 220B n ant tech is no.7 with EV 100B, behind tencent no.1, these internet companies are expected to remain at the top and unchallenged in the long term
ChrisColeman
2023-07-08
ChrisColeman
Baba is about to run like Goggins, no stopping this momentum
HarryCox
2023-07-08
HarryCox
Just wait for the shorts to panic. It has already started.