Alibaba Shelves Another Spinoff Amid Restructuring Challenges, But Is BABA Stock A Buy Now?
BABA(BABA) Investors Business Daily·2024-03-30 13:30News last week that Alibaba (BABA) abandoned plans to list its logistics arm in Hong Kong didn't do anything to lift Alibaba stock out of its downtrend. Alibaba stock looks like it's on sale now, but is BABA stock a buy now?Alibaba hoped the listing of its Cainiao Smart Logistics Network would raise $1 billion at a minimum. But Alibaba pulled the listing, citing overall weakness in the Hong Kong stock market.X The cancellation of the listing poses more challenges to a restructuring plan last year by Alibaba ...