An investor is reflected in a screen showing stock information at a brokerage house in Shenyang, Liaoning province. China’s regulatory tentacles are reaching many industries, leaving investors to guess the extent of current crackdown. Photo: Reuters
An investor is reflected in a screen showing stock information at a brokerage house in Shenyang, Liaoning province. China’s regulatory tentacles are reaching many industries, leaving investors to guess the extent of current crackdown. Photo: Reuters
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Alibaba’s 40 price downgrades, US$1.2 trillion tech wipeout show no one knows the bottom as China’s regulatory tentacles snare all

  • More than 15 brokerages have trimmed Alibaba’s ADR price targets since November, with the securities trading at 28 per cent below consensus
  • No way to predict and quantify where the market bottom is, says Hong Hao of Bocom International

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An investor is reflected in a screen showing stock information at a brokerage house in Shenyang, Liaoning province. China’s regulatory tentacles are reaching many industries, leaving investors to guess the extent of current crackdown. Photo: Reuters
An investor is reflected in a screen showing stock information at a brokerage house in Shenyang, Liaoning province. China’s regulatory tentacles are reaching many industries, leaving investors to guess the extent of current crackdown. Photo: Reuters
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