PDD - China Just Signaled Its Support For Alibaba's Businesses

• The rise in coronavirus cases in several European nations spooked the financial markets sending investors into a risk-off mode.
• Some investors also sensed danger when China Evergrande Group, the nation's second-largest property developer conceded cashflow difficulties.
• Chinese stock exchanges are vying with each other to roll out the red carpet for Ant Group, Alibaba's fintech arm.
• The State Council, China's cabinet, issued its guidelines on accelerating the development of new consumption types based on new forms of business.
• I discuss how Alibaba Group can benefit from this and provide an update to the technical charting.

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