A few positive things did happen for $Alibaba(BABA)$
They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share price pretty stable at 70 price mark although the recent days has seen it gone to a low of 67.30.[Cool][Cool][Cool]
Like $TENCENT(00700)$ , I am in no hurry to accumulate and keep myself updated with the news happening in the industry and the regulatory moves in China.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- AdelaideFox·04-17Patience and caution are key when navigating the Chinese tech sector.LikeReport
- qwertd·04-17Joseph Tsai looks like he's doing a fine job in steering the ship.LikeReport