$Alibaba(09988)$ According to Yahoo Finance, the sharp decline of Alibaba share price on 30th Jan is due to rumors that it is planning to relocate its headquarters to Singapore, despite the company denying reports. 🤔 Fundamentals still intact. May find support at 20MA (105.5)
$Alibaba(09988)$ Up up up China’s Economy Shows Strong Recovery as Covid Zero Era Ends https://www.bloomberg.com/news/articles/2023-03-01/china-factory-activity-surges-to-decade-high-boosting-recovery