So far, China's crackdown against the tech sector hasn't fully ended yet, so it's unlikely that Alibaba will show outstanding results due to the constant interference from Beijing.
Even if the stock rebounds soon, the momentum is likely going to be short-lived due to the economic challenges that Beijing is facing.
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.
👍