r/baba
CCTV reports Beijing authorities have summoned PDD, BYTEDANCE, JD, Alibaba for questioning on False advertising
Beijing regulators summoned PDD, ByteDance, JD, and Alibaba over false advertising to curb price wars.
- Regulators summoned major e-commerce platforms over false advertising and non-standard promotion rules.
- Authorities are taking a strict stance against market involution and do not want consumer prices to keep falling.
- Curbing price wars will likely compress profit margins and limit growth for these e-commerce companies.
Reports from CCTV said that Beijing state authorities were concerned over non-standard disclosure of promotion rules and false advertising.
Online reports say this move is mainly due to authorities maintaining a strict stance on involution and they do not wish to see consumer prices coming down in the interest of maintaining a healthy and sustainable market
Guys - I rarely comment on here as let’s be honest this sub holds no value to anyone - but whoever I do it is in the vain attempt to remind everyone of basic investing principles.
When a stock is in an uptrend everyone looks for every possible reason to justify that uptrend and ignores any possible red flags on the way. When a stock is in a downtrend everyone piles on looking for reasons why and similarly any green shoots get ignored along the way.
OP what you’re posting is irrelevant and has made zero impact on the markets. The reason why China has been so down lately is purely because of the war in Iran. Trump’s pump and dump tweets may have worked in the US market (though even that is fading) but are obviously not working in the Asian markets - where actual oil shocks are hitting hard due to the Strait of Hormuz blockade. The complete failure of negotiations - with Israel still hitting Lebanon, Iran downing an American helicopter and resumed US strikes all in the last few days - underlies this most recent drop. OP looking at these minor regulatory wrist slaps at this current time is like looking at the Titanic schematics after she hit the goddamn iceberg. You’re missing the forest for the trees. Remember sentiment follows price far more often than the other way round.
I’m a Baba holder with a base price of $75. I’ve seen nothing to warrant selling. I’m diversified enough, young enough, and the business is still good enough that I’ll ride out these drops without too much worry. Most importantly neither my financial, physical nor mental health is dependent on this stock price. If this is not the case for anyone here then sell immediately. And yes this is financial advice.
Xi wants his stock market down while Trump is pushing US markets to new ATH. See the differences, guys.
No one cares anymore. China has proven it gives zero fks about its capital market for Hong Kong exchange.
You are misrepresenting the situation. Please stick to Fox news and US stocks and fuck off from this forum.
Your post smells like huge copium. Market disagrees with you. Thus, the share is still down. He is just giving you his opinion how the market sees China stocks. This is the risk that nobody here understands. It is a fucking China stock.
The international media has been wrong on China 9587484747times
Just compare the US stocks prices that time and now.
I am unable to buy overnight on IB due to some corporate event in next 3 days, anyone knows what is it? Seeing this for the first time
The stock has gone Ex dividend. 3 trading days for settlement
Ah thanks, will buy on market open then
Yeap, Bloomberg confirms it's PDD, Bytedance and red note as main offenders.
Alibaba is safe. I don't think they will do anything against the law anymore.
https://preview.redd.it/fydti3jkel6h1.jpeg?width=739&format=pjpg&auto=webp&s=17556f8293af1496ed94ef58856f878098ba2678
Doesn't matter, bro. All will down together one.
We are safe.
\-5% is safe? Lol
We have seen worse. Remember words of wisdom from Jack Ma in these difficult times.
Did you see J&T express?
And it’s down 5% on this?
Just compare the US stocks prices that time and now.
E-commerce is price war..
You can't differentiate without incurring additional cost which you need to find ways to pass onto your consumers. People was hooked onto e-commerce because it was cheaper to buy to begin with.
There is no brand loyalty, there is no branding. Just cheapest price.
Provider can differentiate whatever they want but if i don't need it means i don't need it. So cheapest pricing platform wins my ticket for that purchase.
Hence price is/will be the main deciding factor and not differentiation.
This price war just drags on.
You are wrong. China doesn't want a price war anymore.
Yeah but that doesn’t happen to Chyna stonks. Best $140.