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Alibaba stock and other U.S.-listed China tech giants slid in response to fears caused by the trade war. The post Alibaba, China Tech Stocks Slide As Trade War Fears Intensify appeared first on Investor's Business Daily.
Alibaba Group Holding Ltd (NYSE: BABA) is taking a big hit on Monday after President Trump announced another 34% reciprocal tariffs on goods from China.
For nearly two months in the first quarter (Q1) of 2025, Michael Burry's portfolio was highly successful thanks to his massive investments in Chinese technology stocks.
Given the stock's poor performance since its pandemic-prompted peak in late 2020, it would have been easy to give up on China's e-commerce giant Alibaba Group (BABA -9.88%). And plenty of investors did.
Chinese stocks experienced significant declines on Friday as trade tensions between the US and China escalated. The downturn was triggered by China's move to impose retailiatory tariffs on the US.
Michael Burry made a name for himself by correctly predicting and profiting from the 2008 subprime mortgage crisis, as immortalized in the blockbuster motion picture ‘ The Big Short '.
Alibaba Group Holding Limited stock took a minor beating today, falling 0.34%. It fared better than most stocks despite the slight price dip. Trump hit China with a 34% "reciprocal" tariff rate, among the highest of all nations. The total tariff is now 54%. Alibaba does not send an especially high percentage of its goods to the United States. Prices on many bulk items remain attractive even aft...
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