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Alibaba pares gains as Chinese state media denies report PBOC accepted Ant application

Jun. 17, 2022 10:43 AM ETAlibaba Group Holding Limited (BABA)By: Joshua Fineman, SA News Editor33 Comments

Alibaba headquarter

maybefalse/iStock Unreleased via Getty Images

  • Alibaba (NYSE:BABA) gave back most of its gains on Friday after Chinese state media denied an earlier report that the People's Bank of China had accepted Ant Group's application to set itself up as

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Comments (33)

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This is the second time in two weeks China has come out a disposed the rumor of ANT IPO. Since the last one came from Reuters, I believe in 6 mo.'s the news will be true. BABA wants to run
Scotts Miracle-Gro Sucks profile picture
Great news, would be heading to $300 but we have this massive Biden recession now
Allen Greathouse profile picture
Typical Chinese nonsense.
@Allen Greathouse typical Trumpy comment.

Read the article, your favorite western media printed, China denied. You act like this doesn’t happen in the good ole USA.
Allen Greathouse profile picture
@slomotion16 Nope. What is going on with China and ANT does not go on in the US. Only in an autocratic dictatorship does this sort of thing happen.
@Allen Greathouse You're such an amateur. Don't worry, child, you'll learn.
Just remember that even if Ant IPO happens what happened to the algorithms they were supposed to modify as part of the crackdown so this tells me this isn’t the same Ant anymore. It’s like modifying Upstart then later taking it IPO not the same thing. Will be valued less.
ANT IPO is only a matter of time.....Hoping to get some BABA in the $ 90's before it occurs.
@Clark158f1 will be sub $100 next week.
Godspeed Trader profile picture
@Clark158f1 $66 better
At these intraday level 102 - looks like a very short term / low risk entry level

Possible Bearish candlestick form today / possible recovery to bullish candlestick at end of dy to continue climb higher. With the early morning sell down, it's almost free to tag along and see how day plays out.

Long BABA ( Trade )
China News Yo Yo typical news vs denying news one can go crazy with this type of stock can anyone sue China or BABA ? No they can’t be sued sorry not playing this kind of games.
Fake news
It'll happen sometime in the next few years.
Godspeed Trader profile picture
another perfect indicator to unload all your shares above $100. Recession is coming pal!
@Godspeed Trader Ha ha - not in China.
@LongGone21 China's already in a recession and it's even worse than the one in America. Thank Xi's lockdowns for that. The Chinese GDP numbers are always inflated by about 3% no matter what.
InvestingIdeas profile picture
Here we go again... no way ANT will IPO in the middle of a market crash (unless forced to)
@InvestingIdeas It will no doubt take some time, and I somehow anyway doubt a company as successful as BABA in a market still growing, despite everything, is going to worry too much about the sorry state of the US economy.
Greenhorn Investor profile picture
@InvestingIdeas perhaps not anytime soon but it should at some point.
Standby for contrary Bloomberg report...market has been trying to hold this down for years
@goodfellasfinancial Senior--------the KING of FAKE News-------Bloomberg LLP!!
Honestly, this is our last saving grace to return to $200.
ValueFollower profile picture
Ant IPO just matter of time, BABA is coming back.
@ValueFollower -- "China's regulator denied the report and said it's not working on reviving an IPO of Ant Group."
@RunDog that was on June 9th...

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