Alibaba is American's Amazon equivalent, its not simply just a e-commerce tech giant but national pride, will the authority allow it to collapse? Or all this a move to dispute some nation's unfair and unjust accusations of fraud financial reporting? There is definitely a higher but good intent
Some of China concepts stocks dipped in premarket trading
Better regulatory governance will dispel the accusations of fraudary and propaganda by some super pwers to undermine chineses tech companiewhile indefinitely enhance the global investor confidence in Chinese tech stocks in the medium and long run, well done China!
Why the coincidental timely released of this news while the stocks starts to pick up? Because 10 year bond yield is on the low side, bitcoin also dips, run out of ideas to curb the positive momentum for big institutions to hunt?