Trading Signals
Alibaba Group Holding Limited (BABA)’s Single Day Sales Crosses $75 Billion Amid Stricter Antitrust Rules News
Alibaba Group Holding Limited (BABA) shares fell 0.33% on day of its biggest Singles Day sale of the year. But the significant news about record sales was overshadowed by the reform in China on the eve of antitrust legislation, which could have a negative effect on e-Commerce leaders. Chinese giant Alibaba (BABA) shares dropped sharply on Tuesday following the announcement in China of new antitrust regulations that could reduce the company’s market share in favor of smaller rivals. Alibaba is hosting its famous single day sale this year from 1 to 12 November, which exceeds the combined Black Friday and
