BABA Stock: China Internet To Report Results
The bellwether stock for China internet companies, e-commerce giant Alibaba Group (BABA), reports quarterly results early Wednesday. The report on BABA stock could give insight into where the economy of the world’s most populous nation is headed.
Shares of Alibaba, like almost all China internet stocks, have been hammered the past two years. Alibaba is more than 70% off its record high set in October 2020. Factors in the downfall include a strict regulatory environment, economic…