Chinese e-commerce giant Alibaba Group Holding Limited (BABA) doesn’t need any introduction. The holding company operates through Core Commerce, Cloud Computing, Digital Media and Entertainment, Innovation Initiatives, and other business segments.
The Chinese authorities have enforced strict regulations on its tech businesses over the past year to rein in the market manipulation power of some of its mega-companies. This triggered a massive sell-off in its tech stocks. BABA was subject to a fine of $2.80 billion following an anti-trust investigation by the Chinese authorities.
