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Why Is Alibaba Stock Surging Despite $2.87B Antitrust Fine?

Benzinga2021-04-12

Shares of Alibaba Group Holdings jumped more than 8% on Monday in Hong Kong as investors cheered the record $2.8 billion fine slapped on China's biggest e-commerce company as a result of an anti-...

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Comment67

  • CynDEEEEEE
    ·2021-04-13
    hope it goes up in the coming days?? everyone’s rushing to buy now 
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  • darrentanjm
    ·2021-04-12
    Baba still far from fairly valued 
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  • Eaglewings
    ·2021-04-12
    Now they can move forward and focus on their business. 
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  • Firework P
    ·2021-04-12
    yes, it's the time.
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  • GoG
    ·2021-04-12
    Good time to buy
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  • AhKeong
    ·2021-04-12
    Movement is considerably stable despite the fine. Would be expecting prices to inch up more in the coming weeks.  
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  • HaizCashAcc
    ·2021-04-12
    Buy?
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  • WayneLo
    ·2021-04-12
    Looks interesting now
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  • JustStonks
    ·2021-04-12
    Market doesn’t make sense anymore.... hahaha! Well, anyway just glad it adds some green to my portfolio! ??
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  • AdrianTan
    ·2021-04-12
    Easy answer = coz everyone expecting worse outcomes than just a fine
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  • _J_R_
    ·2021-04-12
    Buy tonight? 
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    • _J_R_
      Thanks for your advice LimLS
      2021-04-12
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    • LimLS
      wait a few days. everyone should be rushing to buy. let the market cools. just rambling my thoughts. do your own due diligence
      2021-04-12
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  • HKhin
    ·2021-04-12
    Hmm no chance to buy
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  • [驚訝] 
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  • ohty0308
    ·2021-04-12
    Seems like the worst is over?
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  • Wzhang
    ·2021-04-12
    Wonder whether to buy more shares
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  • Silverlitz
    ·2021-04-12
    A speedy resolution is good for everyone. Kudos to the Chinese government to conclude in 4 months instead of taking years.
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  • March_m
    ·2021-04-12
    They never say why?? 
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  • TizzyT
    ·2021-04-12
    Wow
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  • HermanL
    ·2021-04-12
    Good progress to move forward
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