Is Alibaba share price USD250 or 300? Is it not making money? Didn't it not give dividend last quarter? If not, why keeping painting glummy picture as though the company is going bust tomorrow?
Alibaba Misses Revenue Estimates; Boosts Buyback by $25 Billion
This equity onslaught seems similar to 1997 currencies onslaught. Quite coordinated attack. Whatever good economic news from China will be met with further selloff. China will need to be able to defend itself otherwise their growth in 2024 will be zero
Once the funds feel that it's too risky to continue to artificially inflate other tech stocks, they will move their funds back to the deflate balloons like JD and Alibaba
If you know the pain, it can be easily rectified. There are quite many others who are exuberating without knowing the pain exists is a real cause for concern