PDD - Can Alibaba And iQIYI Overcome The Onslaught Of Innuendos? You Bet!
- Market commentaries generally blamed the weakness of Chinese equities last week on the lackluster June PMI readings and missed the big elephant in the room: China's aggressive posturing.
- With the yawning gap between BABA share price and the consensus price target, the question is whether the stock would recover or the analyst targets would be revised down further.
- The same goes for the embattled iQIYI. I share my thoughts having reviewed their revenue and EPS revision trends.
- Several significant developments, including an investment tie-up with a provincial government, suggest Alibaba Group remains the go-to internet giant for mega deals and careers.
- iQIYI is making real business progress that deserves better communication to investors.
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Can Alibaba And iQIYI Overcome The Onslaught Of Innuendos? You Bet!