Singles Day: China Market Update: Value Rotation Goes Global As Alibaba’s Singles Day Gains +38% To $56B Of Goods Sold

2019 11.11 Countdown Gala Celebration

Alibaba

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The State Administration for Market Regulation announced an examination of internet monopolies, which sounds eerily similar to the Congress’ move calling US tech CEOs a few months back. US and Hong Kong stocks have fallen dramatically, which is exacerbated by the recent vaccine-led rebound in old economy sectors at the cost of new economy sectors. The Ant Group IPO being pulled is not helping. Analysts have started…

Continue lendo em https://www.forbes.com/sites/brendanahern/2020/11/11/china-market-update-value-rotation-goes-global-as-alibabas-singles-day-gains-38-to-56b-of-goods-sold/

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