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The Chinese tech stock I’m buying in 2021 fell by 27%
By FinancialPebble  •  January 17, 2021
Happy new year everyone! With everything that is going on, I realised I haven’t spoke about recent buys. In 2021, I haven’t bought anything yet. So I wanted to expand a little more about the first stock I plan on purchasing in 2021.

China’s Anti Monopoly Probe on Alibaba

Everyone knows that Jack Ma is a vocal person, and isn’t afraid of sharing his opinions. During the Bund Summit, a vocal Jack Ma likened Chinese Banks to Pawn shops. His reasoning was that Chinese regulations cause a slowdown in innovation, particularly in fintech. This caused a ruckus with Chinese authorities. Chinese Billionaires are known to lay low and avoid media spotlight. However it wasn’t the case with Jack. He highlighted issues within the banking system in China. Because of this, Ant Financials’ IPO was halted pending investigations. During the investigation, authorities claimed Ant Financial was a monopoly and a dangerous accumulation of systemic financial risk....
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By FinancialPebble
Hi there! Thanks for dropping by. I wanted to share with you about how I began my investing journey.
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