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To: Sun Tzu who wrote (2046)8/28/2021 2:51:06 PM
From: Sun Tzu1 Recommendation

Recommended By
towerdog

  Read Replies (1) | Respond to of 10485
 
Is there anyone who is not pounding the table on why BABA is not the chance of a lifetime? I just read another article about it, this time on Nasdaq. How come nobody tells me about the great stocks early on their way up before they go 10x and I only hear about how great something is while it is falling?

Anyways, one of these days I will make a trading buy in BABA and who knows, maybe it will stabilize before I sell it. But considering how fast the Chinese stocks in general and BABA in particular have fallen while so many people have been buying them hand over fist, I have my doubts on the uptrend resuming anytime soon.



To: Sun Tzu who wrote (2046)8/29/2021 10:08:54 AM
From: Sun Tzu  Read Replies (2) | Respond to of 10485
 
Data security law: China orders state firms to migrate to government cloud services

With just days to go until the national data security law comes into effect, China’s state assets watchdog has ordered its firms to accelerate data migration from cloud services by tech giants like Alibaba and Tencent to the government’s own infrastructure.

Data security is high on the government’s agenda and the move is expected to send turbulence through the country’s cloud service market, now dominated by private players.