- News broke that China is now formally investigating Alibaba for antitrust violations.
- Alibaba has a vast network of investments and either directly or indirectly invests in almost all areas of technology in China. Targets for the probe look to have ample avenues.
- Both China and Alibaba look to walk the tightrope here to preserve Alibaba's global reach and prestige while limiting its domestic power.
- I continue to hold shares due to the valuation however I am not adding until more clarity is achieved.
For further details see:
Alibaba Is Now An Antitrust Target In China. How Real Is The Threat?