The Fall of China's Tech Giant: How Alibaba's Woes Expose the Perils of Xi's Crackdown

Back in the last decade, I told anyone who would listen about the great news of Alibaba stock (NASDAQ:BABA). I even bought some shares. Alibaba was one of China’s three “Cloud Emperors.” Its hyperscaled data centers, like those of Tencent (OTCMKTS:TCEHY) and Baidu (NASDAQ:BIDU), were serious threats to Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) in the cloud.Now Alibaba stock is down 60% from 5 years ago and I wouldn’t touch it with a barge pole. It’s a story Amer ...