Shares & Derivatives
[Paywall] Alibaba share price (HKEX: 9988) in horror meltdown
By SG Wealth Builder  •  May 17, 2022
From hero to zero, Alibaba founder Jack Ma’s fall from grace has been nothing short of spectacular. In October 2020, Jack Ma, blasted Chinese financial regulators for stifling innovation at the Bund Summit in Shanghai. The criticism did not go down well with the Chinese authorities who subsequently launched a slew of regulatory crackdowns targeting Chinese tech stocks. Since then, Alibaba share price (HKEX: 9988) had endured a torrid run. The collapse of Alibaba share price (HKEX: 9988) has caused plenty of heart pains for investors. Numerous investors had entered this counter when Alibaba share price (HKEX: 9988) was trading between HK$150 to HK$298. Given that Alibaba share price (HKEX: 9988) is currently trading at about HK$80 bandwidth, the rout had been pretty devastating for investors. The question now is whether recovery is in sight for Alibaba share price (HKEX: 9988). Many investors had been buying on the dip – buying more shares as Alibaba share price (HKEX: 9988) continues to plunge...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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