What to you guys thing about alibaba stock? Will it get delisted in US stock? Is it time to sell or ignore all these news about Chinese stocks getting delisted!! Lost around $20k already in this stock! #baba
I think all US investors are getting out of Chinese stocks. There must be a reason.
So you mean people buying lots of growth stocks last year was also for a reason? Maybe there is a reason but it should not be "other people is selling/buying it".
I don’t know in what world you live in that made you think Baba was a good option. That trade war we had with Trump should’ve made it clear to you that you need to be more careful with Chinese stocks. The CCP will be fine if they get delisted, but you as an investor will be the sole looser.
It's going down on expected backlash for China supporting Russia. Russia is asking China for aid on the geopolitical stage right now on the Ukraine war, and China has to either decide to abandon it's closest ally or side with it and face sanctions of its own. It's the latter that's causing investor selloff right now. Fundamentals are still strong, but would not recommend buying until China makes it's position on the Ukraine situation clear. Also it seems like there's some increasing crackdowns on monopolistic practices domestically, so, the fear that the government has it out for baba and others is also adding to the selloff fears.
Im bullish on Alibaba as a company but I wouldn’t touch their stocks🤣 however, buying stuff on Taobao is loads of fun
I wasn’t screwed by baba but badly by PUBM and other picks. Just wanted to empathize (: though I don’t have a solution for you. I plan to hang on for the moment, maybe in a year it’ll recover
I don't think US will completely shut off its economy activities with China, neither China wants to do that either. The CCP used to be power sharing among multiple people but now is effectively controlled by Xi, another dictator like Putin. Xi and Putin is like another Kim in North Korea or Castro in Cuba. Investors are pulling out because dictators are unpredictable. Russia, China nowdays is no difference of Cuba, North Korea, Venezuela, etc. Those are states that are controlled by a single dictatorship. It's not even communism or single party state. Countries like Vietnam Burma are single party/military states. Although far from democracy, but at least there are some checks and balances within those single party or military states since multiple people would share powers and they would still need to compromise to get things done. China used to be single party state for a few decades after Mao passed away until Xi comes in and grabbed all the power. If you put into Chinese companies be prepared to stuck for another 5-10 years. I mean even if it gets delisted it should get share conversion to HK shares since alibaba is also listed in HK.
The ball is in China’s court. They need to decide whether they want to open their books to the US and have free and fair capital markets. They also need to address the VIE share structure before things change.
The ball is in Xi's court. All CCP members now report to Xi but no one else. They are afraid to do anything except a nod from Xi. In a kingdom, forget about laws and rules. The king's word is the law and rule. But if Xi decides to cut off with US trades completely, that means Chinese people will lose jobs and may face another cultural revolution like what happened during Mao era. I mean it could still happen but I imagine people are not that dumb in 21st century especially considering that more than half of chinese population are educated now (e.g. have high school degree).
I am losing quite a bit too. But it is too late to sell now for me. But I am following China's politics. It seems that Xi is backing down due to slow Chinese growth: https://asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-Less-Xi-more-Li-in-China-policy-speech
Come back when you loss $150k like myself
😳😳😳
I’m Chinese and I never buy Chinese stocks lol