In this money game, who controls the money will determine the price. All narratives are bullshit.. Lol
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
Alibaba Stock Is Slumping. Why Singles Day Couldn't Save Chinese TechDisclaimer: 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.