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Why Alibaba Shares Are Trading Lower Today
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Alibaba Group Holding: Neue Beteiligungen - Aktienanalyse (Der Aktionär) | Aktien des Tages
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China Signals End to $2 Trillion U S Stock Listing Juggernaut
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China: Trial begins against businessman, who criticised Xi
ANI
16 Jul 2021, 06:55 GMT+10
Beijing [China], July 16 (ANI): A trial began on Thursday in China s northern province of Hebei against a Chinese anti-government businessman, who has been vocal in criticising Chinese authorities about its handling of the COVID-19.
Sun Dawu, who led The Dawu Group, has clandestinely supported pro-democracy activists who have been persecuted by the authorities, Kyodo News reported.
He has been accused of provoking trouble and disturbing public order, illegal mining, encroachment on state farmland, obstructing public service and illegal fundraising, among other charges.
Sun, 66, founded the Dawu Group in 1989 and has since built it into a huge empire spanning agriculture, tourism and health care.
Tencent Holdings Ltd (HKG: 0700) and
Alibaba Group Holding Ltd (NYSE: BABA).
“Investors shouldn’t rotate out of mega-tech to value because mega-tech
are value,” said Macken.
Haven’t tech shares had a pretty good run already?
Macken acknowledged many investors would think the massive technology companies have already had their big run.
“After a strong 2020, many investors are worried all the ‘easy money has been made’ – a commonly used phrase we hear in our industry (which also suffers from acute hindsight bias).”
Investors are also worried about higher interest rates, he admitted, and the compression on earnings multiples that would have on growth stocks.