03-05-2022, 12:24 PM
(03-05-2022, 12:01 PM)sgbuffett Wrote: Alibaba stock moves easily on any rumors news or actions by govt
Alibaba is like person under a sword. The sword is controlled by the power of CCP. CCP can destroy any business or industry it chooses in China. Just like what they did to private tuition industry, online celebrity selling goods, gaming etc. They can arrest anyone and press charges.
What they did to the tuition industry and gaming is good for the people. Capitalist countries don't dare to do the correct things because they're held ransom by the ultra-rich.