I am super excited. Whenever I see a narrative that is trying too hard to be negative, it usually indicates a buy signal.
Alibaba Stock Is Slumping. Why Singles Day Couldn't Save Chinese Tech
The prospects of painful U.S. tariffs were weighing on Chinese stocks Tuesday, overshadowing the end of Singles Day -- China's version of Black Friday.Hong Kong's Hang Seng Index closed 2.8% lower Tuesday while Chinese markets fell 1.4%, in a move Mizuho analysts attributed to U.S.-China tension heating up.Trump has chosen Republican Michael Waltz of Florida, a former Green Beret who has taken a tough line on China, to oversee foreign and national security policy in his upcoming administration, The Wall Street Journal reported. The President-elect is also reported to have nominated China Hawk, Florida senator, Marco Rubio to be secretary of state.Hong Kong-listed Alibaba said it saw a record number of active buyers this year. The retailer said that 589 brands including Apple, Nike and Haier surpassed 100 million yuan in gross merchandise volume, a measure of a platform's sales volume. It did not, however, reveal the total amount of sales over the period.Alibaba and JD.com stocks fell 3
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