Alibaba Can Weather China's Scrutiny, VanEck's Semple Says
Chinese e-commerce giant Alibaba Group Holding (ticker: BABA) is feeling the heat from investors and regulators over allegations of monopolistic practices, but that doesn’t mean it will lose its momentum. The company founded by Chinese billionaire Jack Ma has a solid position in the online shopping marketplace, but faces competition from Pinduoduo (PDD), among others. Last week, the People’s Bank of China (PBOC) announced it had begun an antimonopoly investigation. Analysts believe it is looking at whether Alibaba requires sellers on its platform to exclusively sell there ...