Anonymous

13 Nov 2020

∙

Why is it that even though Alibaba's Singles' Day sales top $101 billion, the company's shares sank?

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Jovan Lai

13 Nov 2020

Short run: driven by market sentiment and technical analysis

Long run: fundamentals and business valuation

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Renee Lee

12 Nov 2020

There is much uncertainty over the fate of Alibaba in the Chinese market with the recent withdrawal of the hotly-debated Ant IPO. In recent years, there has been speculation of the Chinese government clamping down on large private tech companies for various reasons, including political ones. I shall not comment much on the politics of things, but you can check out these articles if you want to find out more!

https://www.fool.com/investing/2020/11/09/how-b...

https://www.voanews.com/east-asia-pacific/have-...

As for the record high Singles Day Sale, it is no doubt a positive event, but there are other more concerning news surrounding the company at the moment that are dampening investor confidence.

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