Alibaba Group sent shockwaves through the market as it scrapped its plans to spin off its cloud business, leading to a staggering $20 billion wipeout in market value. The abrupt reversal cited uncertainties over U.S. export restrictions on chips crucial for artificial intelligence applications. This move, coupled with a broader regulatory environment in China, prompts a cautionary stance for long-term investors eyeing Chinese stocks, highlighting the unpredictability and potential pitfalls that can arise even for industry giants like Alibaba.$Alibaba(BABA)$ $Alibaba(09988)$ Alibaba’s Cloud Conundrum Alibaba’s decision to halt the spin-off of
Will BABA Lose More on Jack Ma's Stock Sale Plan?
Jack Ma family trust, plan to sell Alibaba on November 21st, with a combined stock value of $870.7 million. The outlook for Alibaba's paramout domestic e-commerce business remains less optimistic; Alibaba Cloud is facing challenges due to the chip war. With its worrying earnings and founder's stock sale plan, Alibaba fell 10% after earnings. -------------------- Is Alibaba worth investing or not? Are you a bagholder of Alibaba? Will BABA lose more with earnings miss and stock sale plan?
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