Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.

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Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.

Barrons2021-05-18

Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...

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rachelswl
·2021-05-18
Govn restriction is just a small thing. No prob for Alibaba to rise up again
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ProsPaddles
·2021-05-18
Somehow it reminds me of amazon in its earlier days. Eventually baba will do as well as amazon or better!
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SSSG
·2021-05-18
I still consider it is a good stock and now is a good time to log in with lower average cost.
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杨_1688
·2021-05-18
並不認同他說的那些打不贏的領域阿里在線下直播送餐都做的非常好就用戶體驗來講不斷在進步可以說不用多久就能無對手看看美團那些纔是需要擔心的票長期看好現在的價格如果還再往外賣的話那就不要拿別的企業了
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phtan68
·2021-05-18
just buy. there is no good time to buy.
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yangmehmeh
·2021-05-18
Bought at a high [Cry]
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Jimmyboy
·2021-05-18
Good information. Pls like and comment.
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- yangmehmeh:
  Done
  2021-05-18
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JCKL488
·2021-05-18
Alibaba is a long term investment and not a traders’ stock. There’s value in this company even at current valuations
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- Jimmyboy:
  Good information. Pls like and comment.
  2021-05-18
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- Starbless:
  I agreed. With their domestic demand and the business diversification. There will be upside in the long run
  2021-05-18
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Crixalis
·2021-05-18
g
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- Huatmoney:
  Yes
  2021-05-18
  Reply
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Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09988","symbol_name":"阿里巴巴-W","start_time":0,"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","article_id":"1155029346","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","pubTimestamp":1621329819,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"translate_title":"阿里巴巴-SW的股票已经暴跌。为什么对投资者来说它可能仍然不是一个讨价还价的东西。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.9,"BABA":0.9},"content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":194175626,"gmtCreate":1621350409465,"gmtModify":1704356292879,"author":{"id":"3583224908052547","authorId":"3583224908052547","name":"rachelswl","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583224908052547","authorIdStr":"3583224908052547"},"htmlText":"Govn restriction is just a small thing. No prob for Alibaba to rise up again","listText":"Govn restriction is just a small thing. No prob for Alibaba to rise up again","text":"Govn restriction is just a small thing. No prob for Alibaba to rise up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194175626","repostId":1155029346,"repostType":2,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. 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Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194395070,"gmtCreate":1621340855090,"gmtModify":1704356047935,"author":{"id":"3571919991986405","authorId":"3571919991986405","name":"ProsPaddles","avatar":"https://static.tigerbbs.com/5743775abc150fab8749a749f0511b63","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571919991986405","authorIdStr":"3571919991986405"},"htmlText":"Somehow it reminds me of amazon in its earlier days. Eventually baba will do as well as amazon or better!","listText":"Somehow it reminds me of amazon in its earlier days. Eventually baba will do as well as amazon or better!","text":"Somehow it reminds me of amazon in its earlier days. Eventually baba will do as well as amazon or better!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194395070","repostId":1155029346,"repostType":2,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194971258,"gmtCreate":1621338441574,"gmtModify":1704356015250,"author":{"id":"3571092559413416","authorId":"3571092559413416","name":"SSSG","avatar":"https://static.tigerbbs.com/8b6004ac9552e20472bc1792d3c17df6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571092559413416","authorIdStr":"3571092559413416"},"htmlText":"I still consider it is a good stock and now is a good time to log in with lower average cost.","listText":"I still consider it is a good stock and now is a good time to log in with lower average cost.","text":"I still consider it is a good stock and now is a good time to log in with lower average cost.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194971258","repostId":1155029346,"repostType":4,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194964559,"gmtCreate":1621335436571,"gmtModify":1704355967217,"author":{"id":"3574891985411747","authorId":"3574891985411747","name":"杨_1688","avatar":"https://static.tigerbbs.com/886b0304a47d8e248701157f8d855633","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574891985411747","authorIdStr":"3574891985411747"},"htmlText":"並不認同他說的那些打不贏的領域 阿里在線下 直播 送餐都做的非常好 就用戶體驗來講不斷在進步 可以說不用多久就能無對手&nbsp;看看美團那些纔是需要擔心的票&nbsp;長期看好現在的價格如果還再往外賣的話 那就不要拿別的企業了","listText":"並不認同他說的那些打不贏的領域 阿里在線下 直播 送餐都做的非常好 就用戶體驗來講不斷在進步 可以說不用多久就能無對手&nbsp;看看美團那些纔是需要擔心的票&nbsp;長期看好現在的價格如果還再往外賣的話 那就不要拿別的企業了","text":"並不認同他說的那些打不贏的領域 阿里在線下 直播 送餐都做的非常好 就用戶體驗來講不斷在進步 可以說不用多久就能無對手 看看美團那些纔是需要擔心的票 長期看好現在的價格如果還再往外賣的話 那就不要拿別的企業了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194964559","repostId":1155029346,"repostType":2,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":194961689,"gmtCreate":1621334833441,"gmtModify":1704355959588,"author":{"id":"3574739732742262","authorId":"3574739732742262","name":"phtan68","avatar":"https://static.tigerbbs.com/6e3f25ca6f0628d3425ae8bb0e944aab","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3574739732742262","authorIdStr":"3574739732742262"},"htmlText":"just buy. there is no good time to buy.","listText":"just buy. there is no good time to buy.","text":"just buy. there is no good time to buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194961689","repostId":1155029346,"repostType":4,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194983267,"gmtCreate":1621333818459,"gmtModify":1704355944376,"author":{"id":"3574468336320831","authorId":"3574468336320831","name":"yangmehmeh","avatar":"https://static.tigerbbs.com/23b89d5a0acbdb3dac0211c8eea5acb3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574468336320831","authorIdStr":"3574468336320831"},"htmlText":"Bought at a high [Cry]&nbsp;","listText":"Bought at a high [Cry]&nbsp;","text":"Bought at a high [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/194983267","repostId":1155029346,"repostType":4,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":194996461,"gmtCreate":1621331894453,"gmtModify":1704355908026,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879","authorIdStr":"3582072891665879"},"htmlText":"Good information. Pls like and comment.","listText":"Good information. Pls like and comment.","text":"Good information. Pls like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194996461","repostId":1155029346,"repostType":4,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4366235,"gmtCreate":1621333831046,"gmtModify":1680789473474,"authorId":3574468336320831,"author":{"id":3574468336320831,"idStr":"3574468336320831","authorId":3574468336320831,"name":"yangmehmeh","avatar":"https://static.tigerbbs.com/23b89d5a0acbdb3dac0211c8eea5acb3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194996461,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":194074483,"gmtCreate":1621330405342,"gmtModify":1704355885683,"author":{"id":"3574736103389937","authorId":"3574736103389937","name":"JCKL488","avatar":"https://static.tigerbbs.com/b46f479e98d6cf2484ad9c767786e663","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3574736103389937","authorIdStr":"3574736103389937"},"htmlText":"Alibaba is a long term investment and not a traders’ stock. There’s value in this company even at current valuations&nbsp;","listText":"Alibaba is a long term investment and not a traders’ stock. There’s value in this company even at current valuations&nbsp;","text":"Alibaba is a long term investment and not a traders’ stock. There’s value in this company even at current valuations","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/194074483","repostId":1155029346,"repostType":4,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4366012,"gmtCreate":1621331908784,"gmtModify":1680789479420,"authorId":3582072891665879,"author":{"id":3582072891665879,"idStr":"3582072891665879","authorId":3582072891665879,"name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194074483,"type":1,"supId":0,"prevId":0,"content":"Good information. Pls like and comment.","text":"Good information. Pls like and comment.","html":"Good information. Pls like and comment."},{"id":4365967,"gmtCreate":1621331558707,"gmtModify":1680789467279,"authorId":3579823532781270,"author":{"id":3579823532781270,"idStr":"3579823532781270","authorId":3579823532781270,"name":"Starbless","avatar":"https://static.tigerbbs.com/2b24864d2bf404491b55d2a9f4f23d92","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194074483,"type":1,"supId":0,"prevId":0,"content":"I agreed. With their domestic demand and the business diversification. There will be upside in the long <u>run</u>","text":"I agreed. With their domestic demand and the business diversification. There will be upside in the long <u>run</u>","html":"I agreed. With their domestic demand and the business diversification. There will be upside in the long <u>run</u>"}],"langContent":"EN"},{"id":194071185,"gmtCreate":1621329891447,"gmtModify":1704355879617,"author":{"id":"3581159459661289","authorId":"3581159459661289","name":"Crixalis","avatar":"https://static.tigerbbs.com/db5526d70a786b8749cea4eee82ace81","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581159459661289","authorIdStr":"3581159459661289"},"htmlText":"g","listText":"g","text":"g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/194071185","repostId":1155029346,"repostType":2,"repost":{"id":"1155029346","kind":"news","pubTimestamp":1621329819,"share":"https://ttm.financial/m/news/1155029346?lang=&edition=fundamental","pubTime":"2021-05-18 17:23","market":"hk","language":"en","title":"Alibaba’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155029346","media":"Barrons","summary":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese r","content":"<p>Alibaba Holding Group’s&nbsp;shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors&nbsp;may want to resist&nbsp;bargain-hunting just yet.</p>\n<p>The&nbsp;regulatory scrutiny&nbsp;that began with the surprises&nbsp;cuttling of the public offering&nbsp;of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become&nbsp;more of a drag in the past three months, with the Internet-heavy&nbsp;iShares MSCI China&nbsp;exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&amp;P 500 is up more than 6%.</p>\n<p>Alibab&nbsp;aposted its first quarterly loss&nbsp;since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.</p>\n<p>But it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion&nbsp;Invesco Developing Markets Fund&nbsp;(ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.</p>\n<p>“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells&nbsp;<i>Barron’s</i>.The company is facing fierce competition from more agile companies like&nbsp;Pinduoduo&nbsp;(PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”</p>\n<p>For Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s&nbsp;WeChat&nbsp;with loyalty and membership offerings that would strengthen its core businesses.</p>\n<p>Wall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices.&nbsp;But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.</p>\n<p>If Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.</p>\n<p>That could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.</p>\n<p>Alibaba shares closed up almost 1% to $211.05 in New York trading on Monday.</p>","source":"lsy1601382232898","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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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’s Stock Has Slumped. Why It May Not Still Be a Bargain for Investors.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 17:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond ...</p>\n\n<a href=\"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.barrons.com/articles/alibabas-stock-has-slumped-why-it-may-not-still-be-a-bargain-for-investors-51621286797?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155029346","content_text":"Alibaba Holding Group’s shares have lost roughly a third of their value since last fall as Chinese regulatory pressure intensified, but the challenges facing the Chinese Internet behemoth go beyond regulation—a reason investors may want to resist bargain-hunting just yet.\nThe regulatory scrutiny that began with the surprises cuttling of the public offering of Ant Financial, which Alibaba (ticker: BABA) owns roughly a third of, has continued to spread, looming over the once-high flying Chinese technology giants. That pressure has become more of a drag in the past three months, with the Internet-heavy iShares MSCI China exchange-traded fund (MCHI) down nearly 19% over the last three months while the S&P 500 is up more than 6%.\nAlibab aposted its first quarterly loss since going public last week amid a $2.8 billion antitrust fine, and said it would invest aggressively to ward off competition. Most expect Beijing’s anti-monopoly push to continue as regulators try to improve the competitive landscape by reigning in behemoths, much like the U.S. and Europe are thinking about with other Internet giants. In the long-run, these measures could help the innovation policymakers are banking on for China.\nBut it’s not regulatory pressure but competition that Justin Leverenz, a long-time investor in the company and manager of the almost $50 billion Invesco Developing Markets Fund (ODMAX), sees as the bigger threat to the company’s fundamentals. That’s one reason he has whittled Alibaba down to under 3% of assets as of the end of the first quarter, from as high as 9% in the fall 2019.\n“The real problem is that the empire got way too large and way too audacious, not for regulators but for their own capacity to pull together synergies and make the whole thing work,” Leverenz tells Barron’s.The company is facing fierce competition from more agile companies like Pinduoduo (PDD) in its core e-commerce business. As many of Alibaba’s original partners have their wealth and time tied up in Ant and other outside ventures, and founder Jack Ma is no longer actively involved, Leverenz worries the company “has lost its mojo.”\nFor Leverenz to turn more positive on Alibaba, he says the company would need to become bolder and focus on core e-commerce and de-emphasize what he describes as “unwinnable battles” in areas like online video, food delivery, and “new retail” efforts while also considering consolidation opportunities in Southeast Asia.Another bold move could be to put Ant—and its Alipay platform—at the center of its strategy to build a competitive distribution platform that could rival the likes of Tencent’s WeChat with loyalty and membership offerings that would strengthen its core businesses.\nWall Street is more positive on Alibaba, with analysts on FactSet mostly rating the stock Buy, with a mean target price of $301, representing more than 40% upside from current prices. But there are signs of wariness as Alibaba indicated a willingness to prioritize earnings for growth and losses in its new strategic initiatives, Robin Zhu, China Internet analyst at Bernstein, wrote in a note to clients.\nIf Alibaba’s losses in its initiatives run into the “multiple tens of billions” of yuan in fiscal 2022, that would “almost certainly trigger further downward revisions to street earnings estimates,” Zhu wrote. Lack of tangible evidence of notable market share gains in areas like community group buying or food delivery remains a concern, said Zhu, who has a Market Neutral rating and $260 price target on the stock.\nThat could suggest there is more pain to come for Alibaba—a reason bargain-hunters may want to move slowly.\nAlibaba shares closed up almost 1% to $211.05 in New York trading on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4365809,"gmtCreate":1621330041517,"gmtModify":1680789462850,"authorId":3579523962373263,"author":{"id":3579523962373263,"idStr":"3579523962373263","authorId":3579523962373263,"name":"Huatmoney","avatar":"https://static.tigerbbs.com/b4513f3d6c5b842d70f3a1a7af1a1afa","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":194071185,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":19,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}