This year Alibaba had an exciting period in struggling with regulations by rising and falling between $137 and $76. Those who always stay alert to news and make fundamental analyses could make pretty well returns on the stock.
Since this April tight regulations have come over big internet giants of China. Tencent and Alibaba could finally get ease from regulatory procedures while the government has approved over 60 new online video games. Moreover, DiDi, China’s biggest ride-sharing platform is still having 12 months of cybersecurity probes.
BABA seems to continue growing amid encouraging news from China. Hopefully, it may come back to $310 slowly in the next years.