Once an investment darling, Alibaba (NYSE: BABA) has fallen from grace. The continued crackdown on tech companies in China, the threat of delisting, and the worsening geopolitical relationship between the U.S. and the Chinese government make the stock seem almost uninvestable. Alibaba has been a symbol of excellence and quality.
(Bloomberg) -- There’s no relaxing on the beach this summer for corporate acquirers -- they’ve been busy snapping up technology companies, even after a stock rally over the past two months means the sector isn’t as cheap as it was back in June. Most Read from BloombergMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialUS Inflation Runs Cooler Than Forecast, Easing Pressure on FedUK Plans for Blackouts in January in Emergency Energy PlanRussia Is Scouring the Globe for Weapons to Use
(Bloomberg) -- SoftBank Group Corp. expects to post a gain of more than $34 billion from selling down its stake in Alibaba Group Holding Ltd., cashing in on its most storied investment to shore up finances as global markets deteriorate.Most Read from BloombergMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialUS Inflation Runs Cooler Than Forecast, Easing Pressure on FedUK Plans for Blackouts in January in Emergency Energy PlanRussia Is Scouring the Globe for Weapons to Use Against U