Always nice to get picked up by the Wall Street Journal
Richard Turrin, a financial-technology industry consultant, said the recent Alibaba selloff may have more to do with overreaction based on fear, rather than a rational revaluation of Ant and Alibaba.
“Whenever China introduces such harsh regulations against big private conglomerates, people think of iron fist policies that might crush the latter. But Ant and Alibaba shouldn’t be that kind of case,” he said.
Alibaba Shares Tumble Again After Beijing Tightens Screws on Ant Group - WSJ