Shellshocked Alibaba (BABA) investors will be hoping 2022 bears little resemblance to 2021. Last year, shares shaved 50% off their value as the Chinese ecommerce giant’s stock got pummeled from all directions - from government crackdowns to a slowing economy, and the impact of an investment heavy schedule. While J.P. Morgan’s Alex Yao believes better times are ahead, the analyst thinks they are a way off still, given a macro environment which has “deteriorated worse than expected.” In November, China online physical goods sales increased by only 5% year-over-year, a “negative surprise against Alibaba’s 8% GMV growth during the Double 11 period.
https://www.tipranks.com/news/article/alibaba-better-days-ahead-but-still-a-while-away-says-jpmorgan?utm_source=advfn.com&utm_medium=referral
Alibaba (NYSE:BABA)
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