- News broke on Thursday morning in Asia that the Chinese state regulators were conducting an anti-monopoly probe into Alibaba.
- Consequently, Alibaba was sold off, though Tencent and Meituan-Dianping were dragged down as well, while Pinduoduo jumped higher.
- In this article, I shared my conflicted thoughts on the next steps as an investor who has already an outsized position on Alibaba.
- I discuss the outlook based on the price chart and fundamentals.
- I also postulate that the debacle could be a ploy to get the U.S. government to lower their guards and halt using Alibaba as a bogeyman.
For further details see:
Alibaba: The Naysayers Are Right, For The Wrong Reasons