Alibaba

What Is Holding Back Alibaba Exponential Growth

The Chinese company Alibaba Group owns more than 900 enterprises, generates a turnover of almost $ 400 billion, and creates tens of millions of jobs.

Alibaba was recently set to conduct the largest IPO in history, bringing its subsidiary Ant Group fintech service to two exchanges at once - Shanghai and Hong Kong. During the IPO, the company planned to raise at least $ 34 billion.

Trading in securities was supposed to begin on November 5, but two days before the start of trading, the IPO was suspended by the Chinese government. As a result, Alibaba shares fell in value.

Alibaba's quarterly revenue beats all the forecasts of the analysts. A big increase is expected in connection with the Black Friday and Cyber Monday holidays.

The latest news: Alibaba will help the government build electric vehicles and has been laying the groundwork for this for more than 5 years by working with the Chinese state-owned automaker SAIC Motor.

Technically, Alibaba is currently in an uptrend, the price is moving in the channel and exponential growth is just around the corner.

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