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Alibaba is a very well-known company, which global investors have long bought into its story.
But if you have been reading my articles, you would know that I have been saying that Alibaba's Jack Ma has "stepped" onto the wrong foots by challenging central authorities. Nevertheless, the recent episode, which I mentioned...

For those who are interested in updates on regulatory environment in China could consider subscribing to my Youtube channel at:-
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
As always, this should not be construed as any investment or trading advice.
$NTES-S (09999.HK)$ $Alibaba (BABA.US)$ $JOYY (YY.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $TENCENT (00700.HK)$ $UP Fintech (TIGR.US)$ $Futu Holdings Ltd (FUTU.US)$ $HUYA Inc (HUYA.US)$ $Trip.com (TCOM.US)$ $ZA ONLINE N2507 (40304.HK)$ $PDD Holdings (PDD.US)$ $Meituan (ADR) (MPNGF.US)$ $MEITUAN-W (03690.HK)$ $JD.com (JD.US)$ $JD-SW (09618.HK)$ $CR HOLDINGS (01911.HK)$ $JD LOGISTICS (02618.HK)$ $ALIBABA HEALTH INFORMATION TECH LTD (ALBHF.US)$ $TME N2509 (40365.HK)$ $DouYu (DOYU.US)$ $KUAISHOU-W (01024.HK)$ $Bilibili (BILI.US)$ $BILIBILI-W (09626.HK)$

Youtube channel: Hopehope赋予希望
https://www.youtube.com/channel/UCAPWOEQKCpCWmzKkdo7v-iw
Yes I could wrong. For trading, one has to be agile and know when to cut loss when one is wrong. For investment, its a different operations because for trading, when price moves against one aggressively and hit stop loss limit, one is wrong even if fundamentals are unchanged.
Why did China "suspends" Tencent app from updating yesterday (25 Nov 2021)?
For my longtime followers on youtube, Tiger Brokers and reddit, you would know that I have done a video on Renminbi internationalisation and see China playing a very good piece of chess (i call them the master chess player)!
https://youtu.be/Pu-rXA480RY
If you watch the video above, you would know that China is going to push forward with Renminbi internationalisation given that globally, the reserves in RMB are still very small compared to USD and Euro. An important piece of the chess set is to allow Chinese citizens to invest overseas!
With overseas equities particularly US equities at high valuation, it would make sense for China to keep Chinese equities listed overseas at lower valuation so that when they eventually open the floodgates, their domestic citizens who abide the rules and only invest by them, can enjoy the fruits with chinese equities rebounding fiercely then.
This is why until China allows their citizens to invest overseas directly, any rebound in Chinese tech stocks may not be that strong. This is why after Tencent crossing 500 HKD these few days, Chinese authorities have yet again announced such measures to keep the excitement of potential rebound in tech stocks at its bay.
As always, this should not be construed as any investment or trading advice.
$TENCENT (00700.HK)$ $XIAOMI-W (01810.HK)$ $Alibaba (BABA.US)$ $ALIBABA HEALTH INFORMATION TECH LTD (ALBHF.US)$ $DiDi Global (Delisted) (DIDI.US)$ $Hang Seng H-Share Index ETF (02828.HK)$ $Hang Seng Index ETF (02833.HK)$ $NetEase (NTES.US)$ $Razer Inc. (01337.HK)$ $JD.com (JD.US)$ $MEITUAN-W (03690.HK)$ $BILIBILI-W (09626.HK)$ $PDD Holdings (PDD.US)$ $Bilibili (BILI.US)$ $HUYA Inc (HUYA.US)$ $DouYu (DOYU.US)$ $ZA ONLINE N2507 (40304.HK)$ $Full Truck Alliance (YMM.US)$ $Kanzhun (BZ.US)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ $LI AUTO-W (02015.HK)$ $Li Auto (LI.US)$