BEKE - The Contradictions Of Alibaba And Pinduoduo

• There were so many constructive developments surrounding Chinese internet companies recently that were misconstrued as anything but positive.
• Despite a barrage of negative media coverage on Alibaba, the stock proved to be resilient, even amidst the rotation out of tech names.
• At the same time, there are plenty of positives from the very bad press surrounding Alibaba. I highlight a few for discussion.
• Similarly, Pinduoduo delivered a stellar set of Q4 2020 results but the market chose to focus on the stepping down as chairman of the founder, Colin Huang.
• The Biden administration would have to choose between missing its ambitious clean energy targets versus importing goods made potentially with forced labor and exacerbating the trade deficit with China.

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