综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Bears focus on Alibaba as investors fret over economy

By Bloomberg | China Daily | Updated: 2016-01-26 07:55

Short sellers in the United States have pushed bets against Alibaba Group Holding Ltd to the highest in more than 14 months on concern that China's deepest economic slowdown since 1990 will only get worse.

Short interest in China's biggest online retailer surged to 7.5 percent of shares outstanding on Jan 21, the highest since November 2014, according to data compiled by Markit and Bloomberg. That is more than double from a Dec 1 low.

Bearish bets on rival JD.com Inc have hovered around 2 percent since last month.

Pessimists are once again taking aim at Alibaba - a bellwether for US investor sentiment on China - as mainland stocks entered a bear market last week.

Those wagers are already starting to pay off as a selloff since the start of the year sent the American depositary receipts of Alibaba down more than 13 percent.

Investors see Alibaba as a stock that reflects the state of the Chinese economy, said Henry Guo, a San Francisco-based analyst at Summit Research Partners LLC, who has a buy rating on the stock.

"With China's economic outlook worsening, that's just an easy way for people to have short China exposure."

China's top leadership has signaled it may accommodate more economic slackness as officials tackle delicate tasks such as reducing excess capacity.

The world's second-largest economy will slow to 6.5 percent this year and 6.3 percent next year, according to the median of economist estimates.

At a corporate level, counterfeit products and accounting frauds at Alibaba are also on the mind of investors since the company's record 2014 debut on the New York Stock Exchange.

Kynikos Associates LP founder Jim Chanos warned against the stock in November, according to a CNBC report. In December, Russian billionaire Alisher Usmanov said he has started to sell his stake in the e-commerce giant.

Alibaba declined to comment on market speculation in an e-mailed statement.

The company is scheduled to report third-quarter earnings Jan 28. Revenue is expected to hit 33 billion yuan ($5 billion), according to the average estimates of 26 analysts surveyed by Bloomberg.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
栾城县| 吴忠市| 华阴市| 全南县| 六安市| 绥棱县| 兴和县| 永靖县| 商洛市| 夏邑县| 屏南县| 岐山县| 饶河县| 上杭县| 滁州市| 无极县| 东辽县| 庄河市| 固原市| 巫山县| 开江县| 宜兴市| 富川| 铜鼓县| 罗甸县| 连江县| 大同市| 乐陵市| 灵寿县| 文成县| 平顶山市| 西乡县| 左云县| 凤城市| 邯郸市| 筠连县| 交城县| 石首市| 南陵县| 连平县| 海伦市|