Online shopping fatigue set in across the United States and China as retailers in both countries posted mostly lackluster results during both Cyber Week and Singles Day, two of the world’s biggest promotional events, according to the latest data. But the modest pickup trounced the paltry 2.9% increase in sales during China's Singles Day, an 11-day shopping festival ending November 11, hosted by Alibaba and other Chinese e-commerce firms.
Billionaire rarely seen in public since criticising attitude of China’s regulators towards tech firms in 2020
Here are three reasons investors should think twice before investing in Alibaba in 2023. United States investors are still at risk when investing in Chinese-based businesses; relations between the two countries are tense, which brings some uncertainty into the equation. For example, the U.S. Securities and Exchange Commission requires access to financial audit records of Chinese companies like Alibaba.