Markets were in the red at the close of trading on Monday, while Chinese stocks moved higher despite COVID lockdowns in the country.
It's been challenging to hold Alibaba's (NYSE: BABA)stock over the last two years as it lost more than 70% of its market value. As the stock price fell, investors questioned whether Alibaba had reached its prime and was bound to decline further. While it's still early, Alibaba's latest earnings result justifies my earlier decision.
Amazon's (AMZN) AWS opens its second cloud region in Hyderabad, India, to solidify its APAC presence.