Posted inChart of the Day

Buying opportunity in Big Tech?

China’s two tech giants, Tencent and Alibaba, trade at double their year-ago pandemic price, but have dropped respectively 18% and 27% from their recent highs. Alibaba has been floundering since Chinese regulators clipped the wings of Ant Financial, the innovative but extremely leveraged fintech enterprise controlled by Alibaba founder Jack Ma. Anti-monopoly measures against Tencent […]