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Alibaba Stock Price Falls - Good Time to Buy
The Alibaba stock price fell yesterday (Thursday) - a lot.
The reasons: lower than expected revenue numbers and regulatory pressures from the Chinese government, who confronted Alibaba on the sale of counterfeit goods through its website. These two factors dovetailed to create a massive sell-off.
But both the revenue miss and the Chinese regulatory pressures will be remedied...
The Alibaba stock price fell yesterday (Thursday) - a lot.
The reasons: lower than expected revenue numbers and regulatory pressures from the Chinese government, who confronted Alibaba on the sale of counterfeit goods through its website. These two factors dovetailed to create a massive sell-off.
But both the revenue miss and the Chinese regulatory pressures will be remedied...