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2020-12-25

May be it's a good news for Alibaba in a long run//@LeCiel:Very unfortunate news for Alibaba

Alibaba stock suffering record drop after antitrust probe in China

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be it's a good news for Alibaba in a long run//<a href=\"https://laohu8.com/U/3571310877991613\">@LeCiel</a>:Very unfortunate news for Alibaba","listText":"May be it's a good news for Alibaba in a long run//<a href=\"https://laohu8.com/U/3571310877991613\">@LeCiel</a>:Very unfortunate news for Alibaba","text":"May be it's a good news for Alibaba in a long run//@LeCiel:Very unfortunate news for Alibaba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/339616966","repostId":"2093963715","repostType":2,"repost":{"id":"2093963715","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow 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into the e-commerce giant. \n</p>\n<p>\n  A focus of the investigation was Alibaba's policy of \"choose <a href=\"https://laohu8.com/S/AONE\">one</a> of two,\" which requires Alibaba's business partners to avoid dealing with competitors, as the Associated Press reported . \n</p>\n<p>\n  \"[W]e are not surprised by the announcement of the investigation,\" wrote analyst Aaron Kessler at Raymond James, in a note to clients. \"We believe the most likely outcome is the termination of these exclusive relationships, though it is difficult to quantify the potential revenue impact (e.g. consumers shifting buying to other platforms).\" \n</p>\n<p>\n  Kessler reiterated the strong buy rating he's had on Alibaba since at least February 2018. \n</p>\n<p>\n  Alibaba shares<a href=\"https://laohu8.com/S/09988\">$(09988)$</a> plunged 13.8% in morning trading, and was headed for the lowest close since July 1. The shares are set up to suffer the biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day decline since going public in September 2014, as the current record drop is 8.8% on Jan. 29, 2015. \n</p>\n<p>\n  Don't miss: Alibaba shares post worst day since 2015 after Ant Group IPO is suspended . \n</p>\n<p>\n  With the selloff, the stock has crossed over into bear-market territory, which many on Wall Start mark as a decline of 20% or more from a significant peak. The stock was currently 30.4% below its record close. \n</p>\n<p>\n  Since closing at a record $317.14 on Oct. 27, the stock closed down as much as 19.6% at $255.11 on Dec. 15, before paring some losses to close Wednesday at $256.18. A close at or below $253.71 would make the bear market \"official.\" \n</p>\n<p>\n  Kessler said he believes that given the stock's sharp decline from its record high, investors are already \"largely pricing in\" the concerns about an investigation. As a result, \"we remain buyers\" of Alibaba's stock at current levels, he said. \n</p>\n<p>\n  Kessler has a $330 price target on Alibaba's stock, which is 49.5% above current levels. \n</p>\n<p>\n  The stock has shed 18.2% over the past three months, while the <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> China exchange-traded fund<a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has gained 8.2% and the S&amp;P 500 index has gained 13.9%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 24, 2020 10:29 ET (15:29 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba stock suffering record drop after antitrust probe in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba stock suffering record drop after antitrust probe in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2020-12-24 23:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Alibaba stock suffering record drop after antitrust probe in China\n</p>\n<p>\n  By Tomi Kilgore, MarketWatch \n</p>\n<p>\n  Stock falls into bear-market territory, while Raymond James said it remains a buy \n</p>\n<p>\n  Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant. \n</p>\n<p>\n  A focus of the investigation was Alibaba's policy of \"choose <a href=\"https://laohu8.com/S/AONE\">one</a> of two,\" which requires Alibaba's business partners to avoid dealing with competitors, as the Associated Press reported . \n</p>\n<p>\n  \"[W]e are not surprised by the announcement of the investigation,\" wrote analyst Aaron Kessler at Raymond James, in a note to clients. \"We believe the most likely outcome is the termination of these exclusive relationships, though it is difficult to quantify the potential revenue impact (e.g. consumers shifting buying to other platforms).\" \n</p>\n<p>\n  Kessler reiterated the strong buy rating he's had on Alibaba since at least February 2018. \n</p>\n<p>\n  Alibaba shares<a href=\"https://laohu8.com/S/09988\">$(09988)$</a> plunged 13.8% in morning trading, and was headed for the lowest close since July 1. The shares are set up to suffer the biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day decline since going public in September 2014, as the current record drop is 8.8% on Jan. 29, 2015. \n</p>\n<p>\n  Don't miss: Alibaba shares post worst day since 2015 after Ant Group IPO is suspended . \n</p>\n<p>\n  With the selloff, the stock has crossed over into bear-market territory, which many on Wall Start mark as a decline of 20% or more from a significant peak. The stock was currently 30.4% below its record close. \n</p>\n<p>\n  Since closing at a record $317.14 on Oct. 27, the stock closed down as much as 19.6% at $255.11 on Dec. 15, before paring some losses to close Wednesday at $256.18. A close at or below $253.71 would make the bear market \"official.\" \n</p>\n<p>\n  Kessler said he believes that given the stock's sharp decline from its record high, investors are already \"largely pricing in\" the concerns about an investigation. As a result, \"we remain buyers\" of Alibaba's stock at current levels, he said. \n</p>\n<p>\n  Kessler has a $330 price target on Alibaba's stock, which is 49.5% above current levels. \n</p>\n<p>\n  The stock has shed 18.2% over the past three months, while the <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> China exchange-traded fund<a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has gained 8.2% and the S&amp;P 500 index has gained 13.9%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 24, 2020 10:29 ET (15:29 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2093963715","content_text":"MW Alibaba stock suffering record drop after antitrust probe in China\n\n\n  By Tomi Kilgore, MarketWatch \n\n\n  Stock falls into bear-market territory, while Raymond James said it remains a buy \n\n\n  Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant. \n\n\n  A focus of the investigation was Alibaba's policy of \"choose one of two,\" which requires Alibaba's business partners to avoid dealing with competitors, as the Associated Press reported . \n\n\n  \"[W]e are not surprised by the announcement of the investigation,\" wrote analyst Aaron Kessler at Raymond James, in a note to clients. \"We believe the most likely outcome is the termination of these exclusive relationships, though it is difficult to quantify the potential revenue impact (e.g. consumers shifting buying to other platforms).\" \n\n\n  Kessler reiterated the strong buy rating he's had on Alibaba since at least February 2018. \n\n\n  Alibaba shares$(09988)$ plunged 13.8% in morning trading, and was headed for the lowest close since July 1. The shares are set up to suffer the biggest one-day decline since going public in September 2014, as the current record drop is 8.8% on Jan. 29, 2015. \n\n\n  Don't miss: Alibaba shares post worst day since 2015 after Ant Group IPO is suspended . \n\n\n  With the selloff, the stock has crossed over into bear-market territory, which many on Wall Start mark as a decline of 20% or more from a significant peak. The stock was currently 30.4% below its record close. \n\n\n  Since closing at a record $317.14 on Oct. 27, the stock closed down as much as 19.6% at $255.11 on Dec. 15, before paring some losses to close Wednesday at $256.18. A close at or below $253.71 would make the bear market \"official.\" \n\n\n  Kessler said he believes that given the stock's sharp decline from its record high, investors are already \"largely pricing in\" the concerns about an investigation. As a result, \"we remain buyers\" of Alibaba's stock at current levels, he said. \n\n\n  Kessler has a $330 price target on Alibaba's stock, which is 49.5% above current levels. \n\n\n  The stock has shed 18.2% over the past three months, while the iShares MSCI China exchange-traded fund$(MCHI)$ has gained 8.2% and the S&P 500 index has gained 13.9%. \n\n\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  December 24, 2020 10:29 ET (15:29 GMT)\n\n\n  Copyright (c) 2020 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":339616966,"gmtCreate":1608826062955,"gmtModify":1704976783072,"author":{"id":"3435324218591984","authorId":"3435324218591984","name":"大一TMT","avatar":"https://static.laohu8.com/4e4e05689a37255e77eabe11fbf0fd16","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3435324218591984","authorIdStr":"3435324218591984"},"themes":[],"htmlText":"May be it's a good news for Alibaba in a long run//<a href=\"https://laohu8.com/U/3571310877991613\">@LeCiel</a>:Very unfortunate news for Alibaba","listText":"May be it's a good news for Alibaba in a long run//<a href=\"https://laohu8.com/U/3571310877991613\">@LeCiel</a>:Very unfortunate news for Alibaba","text":"May be it's a good news for Alibaba in a long run//@LeCiel:Very unfortunate news for Alibaba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/339616966","repostId":"2093963715","repostType":2,"repost":{"id":"2093963715","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1608823740,"share":"https://ttm.financial/m/news/2093963715?lang=&edition=fundamental","pubTime":"2020-12-24 23:29","market":"hk","language":"en","title":"Alibaba stock suffering record drop after antitrust probe in China","url":"https://stock-news.laohu8.com/highlight/detail?id=2093963715","media":"Dow Jones","summary":"MW Alibaba stock suffering record drop after antitrust probe in China\n\n\n  By Tomi Kilgore, MarketWat","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Alibaba stock suffering record drop after antitrust probe in China\n</p>\n<p>\n  By Tomi Kilgore, MarketWatch \n</p>\n<p>\n  Stock falls into bear-market territory, while Raymond James said it remains a buy \n</p>\n<p>\n  Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant. \n</p>\n<p>\n  A focus of the investigation was Alibaba's policy of \"choose <a href=\"https://laohu8.com/S/AONE\">one</a> of two,\" which requires Alibaba's business partners to avoid dealing with competitors, as the Associated Press reported . \n</p>\n<p>\n  \"[W]e are not surprised by the announcement of the investigation,\" wrote analyst Aaron Kessler at Raymond James, in a note to clients. \"We believe the most likely outcome is the termination of these exclusive relationships, though it is difficult to quantify the potential revenue impact (e.g. consumers shifting buying to other platforms).\" \n</p>\n<p>\n  Kessler reiterated the strong buy rating he's had on Alibaba since at least February 2018. \n</p>\n<p>\n  Alibaba shares<a href=\"https://laohu8.com/S/09988\">$(09988)$</a> plunged 13.8% in morning trading, and was headed for the lowest close since July 1. The shares are set up to suffer the biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day decline since going public in September 2014, as the current record drop is 8.8% on Jan. 29, 2015. \n</p>\n<p>\n  Don't miss: Alibaba shares post worst day since 2015 after Ant Group IPO is suspended . \n</p>\n<p>\n  With the selloff, the stock has crossed over into bear-market territory, which many on Wall Start mark as a decline of 20% or more from a significant peak. The stock was currently 30.4% below its record close. \n</p>\n<p>\n  Since closing at a record $317.14 on Oct. 27, the stock closed down as much as 19.6% at $255.11 on Dec. 15, before paring some losses to close Wednesday at $256.18. A close at or below $253.71 would make the bear market \"official.\" \n</p>\n<p>\n  Kessler said he believes that given the stock's sharp decline from its record high, investors are already \"largely pricing in\" the concerns about an investigation. As a result, \"we remain buyers\" of Alibaba's stock at current levels, he said. \n</p>\n<p>\n  Kessler has a $330 price target on Alibaba's stock, which is 49.5% above current levels. \n</p>\n<p>\n  The stock has shed 18.2% over the past three months, while the <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> China exchange-traded fund<a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has gained 8.2% and the S&amp;P 500 index has gained 13.9%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 24, 2020 10:29 ET (15:29 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba stock suffering record drop after antitrust probe in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba stock suffering record drop after antitrust probe in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2020-12-24 23:29</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Alibaba stock suffering record drop after antitrust probe in China\n</p>\n<p>\n  By Tomi Kilgore, MarketWatch \n</p>\n<p>\n  Stock falls into bear-market territory, while Raymond James said it remains a buy \n</p>\n<p>\n  Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant. \n</p>\n<p>\n  A focus of the investigation was Alibaba's policy of \"choose <a href=\"https://laohu8.com/S/AONE\">one</a> of two,\" which requires Alibaba's business partners to avoid dealing with competitors, as the Associated Press reported . \n</p>\n<p>\n  \"[W]e are not surprised by the announcement of the investigation,\" wrote analyst Aaron Kessler at Raymond James, in a note to clients. \"We believe the most likely outcome is the termination of these exclusive relationships, though it is difficult to quantify the potential revenue impact (e.g. consumers shifting buying to other platforms).\" \n</p>\n<p>\n  Kessler reiterated the strong buy rating he's had on Alibaba since at least February 2018. \n</p>\n<p>\n  Alibaba shares<a href=\"https://laohu8.com/S/09988\">$(09988)$</a> plunged 13.8% in morning trading, and was headed for the lowest close since July 1. The shares are set up to suffer the biggest <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day decline since going public in September 2014, as the current record drop is 8.8% on Jan. 29, 2015. \n</p>\n<p>\n  Don't miss: Alibaba shares post worst day since 2015 after Ant Group IPO is suspended . \n</p>\n<p>\n  With the selloff, the stock has crossed over into bear-market territory, which many on Wall Start mark as a decline of 20% or more from a significant peak. The stock was currently 30.4% below its record close. \n</p>\n<p>\n  Since closing at a record $317.14 on Oct. 27, the stock closed down as much as 19.6% at $255.11 on Dec. 15, before paring some losses to close Wednesday at $256.18. A close at or below $253.71 would make the bear market \"official.\" \n</p>\n<p>\n  Kessler said he believes that given the stock's sharp decline from its record high, investors are already \"largely pricing in\" the concerns about an investigation. As a result, \"we remain buyers\" of Alibaba's stock at current levels, he said. \n</p>\n<p>\n  Kessler has a $330 price target on Alibaba's stock, which is 49.5% above current levels. \n</p>\n<p>\n  The stock has shed 18.2% over the past three months, while the <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> China exchange-traded fund<a href=\"https://laohu8.com/S/MCHI\">$(MCHI)$</a> has gained 8.2% and the S&amp;P 500 index has gained 13.9%. \n</p>\n<p>\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 24, 2020 10:29 ET (15:29 GMT)\n</p>\n<p>\n  Copyright (c) 2020 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","QNETCN":"纳斯达克中美互联网老虎指数","09988":"阿里巴巴-W"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2093963715","content_text":"MW Alibaba stock suffering record drop after antitrust probe in China\n\n\n  By Tomi Kilgore, MarketWatch \n\n\n  Stock falls into bear-market territory, while Raymond James said it remains a buy \n\n\n  Shares of Alibaba Group Holding Ltd. tumbled Thursday toward the lowest close in nearly six months, after Chinese regulators launched an antitrust investigation into the e-commerce giant. \n\n\n  A focus of the investigation was Alibaba's policy of \"choose one of two,\" which requires Alibaba's business partners to avoid dealing with competitors, as the Associated Press reported . \n\n\n  \"[W]e are not surprised by the announcement of the investigation,\" wrote analyst Aaron Kessler at Raymond James, in a note to clients. \"We believe the most likely outcome is the termination of these exclusive relationships, though it is difficult to quantify the potential revenue impact (e.g. consumers shifting buying to other platforms).\" \n\n\n  Kessler reiterated the strong buy rating he's had on Alibaba since at least February 2018. \n\n\n  Alibaba shares$(09988)$ plunged 13.8% in morning trading, and was headed for the lowest close since July 1. The shares are set up to suffer the biggest one-day decline since going public in September 2014, as the current record drop is 8.8% on Jan. 29, 2015. \n\n\n  Don't miss: Alibaba shares post worst day since 2015 after Ant Group IPO is suspended . \n\n\n  With the selloff, the stock has crossed over into bear-market territory, which many on Wall Start mark as a decline of 20% or more from a significant peak. The stock was currently 30.4% below its record close. \n\n\n  Since closing at a record $317.14 on Oct. 27, the stock closed down as much as 19.6% at $255.11 on Dec. 15, before paring some losses to close Wednesday at $256.18. A close at or below $253.71 would make the bear market \"official.\" \n\n\n  Kessler said he believes that given the stock's sharp decline from its record high, investors are already \"largely pricing in\" the concerns about an investigation. As a result, \"we remain buyers\" of Alibaba's stock at current levels, he said. \n\n\n  Kessler has a $330 price target on Alibaba's stock, which is 49.5% above current levels. \n\n\n  The stock has shed 18.2% over the past three months, while the iShares MSCI China exchange-traded fund$(MCHI)$ has gained 8.2% and the S&P 500 index has gained 13.9%. \n\n\n  -Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  December 24, 2020 10:29 ET (15:29 GMT)\n\n\n  Copyright (c) 2020 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}