Alibaba Group Holding Limited
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Recovery

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After an upward retracement after the end of June decline we are seeing now a renewed attempt to get higher again. I can imagine a success due to the new political approach of the Chinese leadership towards Ali Baba. Ma is appearing in the public again and Ali Baba is shifting its activities more towards semiconductors now instead of becoming an integrated trading and financial giant.
This seems to find the approal of the CPC leadership. Therefore the recovery may be the beginning of a bottom building.
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