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Alibaba Mirrors the Performance of Its Western Peers

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Image Shown: Alibaba Group Holding Limited posted strong results for the fiscal quarter ended June 30, 2020, mirroring the performance of its large-cap tech peers based in Western countries (particularly the US). Image Source: Alibaba Group Holding Limited – June Quarter 2020 Earnings Presentation By Callum Turcan At a time when US-China geopolitical tensions are rising and the Trump Administration is pushing the Chinese tech firm ByteDance to divest (at least) the US-based operations of TikTok, many Chinese tech firms are still thriving. The ongoing coronavirus (‘COVID-19’) pandemic has fundamentally altered daily life for most households around the world. Social distancing practices have aggressively driven up e-commerce demand along with demand for cloud computing offerings (as more employees work from … Read more

ICYMI: Time to Consider Buying Chinese Equities? Not Exactly.

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This article was originally published August 26, 2021. Image Shown: Shares of Alibaba Group have plummeted over the past year in the wake of Beijing’s crackdown on China’s domestic tech and fintech titans. By Callum Turcan Many would argue that the key event that kicked off Beijing’s ongoing crackdown on its domestic tech giants started back in October 2020 when the once domestically revered entrepreneur Jack Ma, the founder of e-commerce, fintech, payment solutions, and cloud computing giant Alibaba Group (BABA), gave a speech critical of Chinese regulators. A WSJ article published August 20, Jack Ma’s Costliest Business Lesson: China Has Only One Leader, covered the situation in great detail. Mr. Ma noted at the time that he viewed Beijing’s … Read more