2024-03-24 12:00:00 ET
Summary
- Alibaba's stock is likely to remain stagnant due to lack of major catalysts and underperformance against the broader market.
- The company's core eCommerce business is struggling to gain momentum amidst China's economic troubles, while competitors like PDD Holdings are experiencing impressive growth.
- Alibaba's cloud business is also facing increased competition and geopolitical challenges, making it unlikely to pose a threat to Western dominance in the industry.
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For further details see:
Alibaba: Stop Chasing Dead Money