Good for long term because they are investing in development of their business like cloud computing. Revenue is still up yoy and consumers are growing. Hold for the long term, there will be rocky days like today
Alibaba slid over 9% in morning trading as its net profit fell down 87% year-on-year<blockquote>阿里巴巴-SW早盘下跌逾9%,净利润同比下降87%</blockquote>
Great measures actually, China does a lot toprevent the development of monopolies and stamp out unfair practices very harshly. Their measures are seen as draconian by outsiders especially the Western world, but their astronomical growth in recent decades have shown that they are on the right track and know what they are doing.
There’s always someone saying the market will crash every month 🥴 just hold long term and ignore the noise
Expect a 10% or worse correction in U.S. stocks by mid-August, says this forecaster with a proven track record<blockquote>这位拥有良好业绩记录的预测者表示,预计到8月中旬美国股市将出现10%或更糟的调整</blockquote>