Alibaba has a good business model but share price was much affected recengtly by news of government crack down. However it is noteworthy that the share price could also be influenced by consumers buying trend such as that of 9.9 2021 and10.10 2021 which are coming up. Reason being their revenue may continue to have strong growth with new sales events.
Coupled with good business fundamentals, we should see Alibaba recovery in the near term, especially when approaching 9.9.21 and 10.10.21.
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