- All three major US stock indices finished at fresh records while Chinese indices underperformed.
- Despite estimates-beating PMIs, actions from both the U.S. and Chinese government led to soured sentiment.
- JD Digits' involvement in China's digital yuan trial bodes well for Alipay's prospects.
- Alibaba continues to have positive news flow in the electric vehicle/autonomous driving space.
- The ho-hum nature of the ground-breaking digital banking award in Singapore to Ant Group exemplifies how investors are shunning Alibaba due to past scars.
For further details see:
Alibaba: When One Door Closes, Another One Opens