not vested
China Just Signaled Its Support For Alibaba's Businesses
Summary
The rise in coronavirus cases in several European nations spooked the financial markets sending investors into a risk-off mode.
Some investors also sensed danger when China Evergrande Group, the nation's second-largest property developer conceded cashflow difficulties.
Chinese stock exchanges are vying with each other to roll out the red carpet for Ant Group, Alibaba's fintech arm.
The State Council, China's cabinet, issued its guidelines on accelerating the development of new consumption types based on new forms of business.
I discuss how Alibaba Group can benefit from this and provide an update to the technical charting.
Source: Seeking Alpha
https://seekingalpha.com/article/437666 ... ent=link-0