NYSE:BABA   Alibaba Group Holdings Ltd.
In 2021, 137 major e-commerce enterprises will go bankrupt, marking a new inflection point
The first sin: financing is hard, financing is expensive, opportunities are getting more expensive
The second sin: like to do expansion, diversification development, too much money spent on bells and whistles
The third sin: more willing to engage in marketing and advertising, not willing to invest in research and development, malnutrition lead to unsustainable
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.