TCOM - Alibaba: Chinese Media In Damage - Control Overdrive
- The Chinese markets started the week weighing what to make of the official statements regarding the investigations on Alibaba Group.
- Official press releases and state media portrayed the public rebuke as necessary for the healthy development of the e-commerce and fintech industries.
- In other words, there was nothing personal against Jack Ma, making the heavy sell-off appear unjustified.
- I discussed a December 8 speech by a deputy governor of the Chinese central bank which portended the ensuing regulatory developments.
- Trust China to get its vaccine rollout done expeditiously and look forward to another year of solid returns in Chinese equities.
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Alibaba: Chinese Media In Damage - Control Overdrive