vimarsana.com

Latest Breaking News On - Mirae asset global investments hong kong - Page 5 : vimarsana.com

Alibaba (NYSE:BABA) - Why Jack Ma s Reappearance Isn t Enough To Calm Alibaba Investors

Share: Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma reappeared in public view on Wednesday sending the company’s shares soaring 5.5% in New York but concerns persist about the Chinese company’s frayed relationship with its government. Investors are seeking more reassurance on the regulatory environment surrounding the e-commerce giant. Here’s what they are saying: Just Appearing Is Not Enough: William Huston, founder of Bay Street Capital Holdings, a California-based investment advisory firm said, “We all know that just because he showed up . doesn’t necessarily explain what is going on.” Huston’s firm has reduced its position in Alibaba from 8% of the portfolio to less than 1%, reported Reuters. 

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.