Alibaba earnings forecast: Should you buy or sell the BABA dip?
Considered by many to be one of the biggest jewels of the Chinese economy, Alibaba Holding Limited (BABA) has been considered ‘China’s Amazon’ and an investors’ darling for years. But the once-mighty online retail giant has seen a gradual slide in its stock price since the heights of its powers during pandemic-era 2020, which saw Alibaba’s stock price regularly top 300 Hong Kong dollars (HKD) as online shopping skyrocketed worldwide. It is now hovering at around HKD 81.50 per share – losing over 70% of its share price (or HKD 232.50) since October 29 2020. Why has Alibaba’s stock price fallen ...