$BABA single biggest issue in CN is covid 0 and lack of an exit strategy. When (not if) cases spike again in Shanghai would they lockdown again impacting Baba’s revenue in the next few quarters?
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@Thalang everything is a concern for CN. I would think Pelosi going back safely would have helped. They maybe conducting drills but not the worst case scenario. When near term challenges such as Pelosi or ER goes away, markets tend to look at longer term macro issues - and they realize covid 0 still there which impacted Baba last quarter so why not next? , tech crackdown hasn’t ended, audit deal hasn’t come thru. If it were geopolitics then I think global mrkts would have reacted negatively