Shares of AliBaba Group (KRX: 9988) soared over 3% to log record highs this week as buyers approach the psychologically-important 300.00 handle. Fundamental analysis: Trump may blacklist Ant Group It appears that the U.S. president Donald Trump may add Ant Group, the world’s biggest fintech firm, to the U.S. “Entity List”. AliBaba bought a 33% stake in Ant Financial two years ago. This list requires U.S. companies to obtain a permission before dealing with the blacklisted companies. Ant Group is preparing to make its market debut by the end of this year. In case Trump decides to do so, stock
Full ArticleAli Baba stock price hits record highs despite Trump’s threats to blacklist Ant Group
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