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EGRNF - Alibaba Is Well Insulated From Evergrande Fallout
September, 18 2021 12:05 AM
China Evergrande Group
China's Evergrande Group is facing imminent default. This has investors worried about whether other Chinese companies may find themselves in the same boat. Alibaba stock has been sliding along with ever-worsening news about Evergrande. Alibaba faces its own issues as the result of the Chinese government's actions, but is not at risk because of the Evergrande situation. In this article, I develop a bullish thesis on Alibaba, arguing that it is well positioned to thrive in the years ahead. For further details see:
Alibaba Is Well Insulated From Evergrande Fallout
Stock Information
Company Name:
China Evergrande Group
Stock Symbol:
EGRNF
Market:
OTC
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