Is Alibaba Stock a Buy Right Now? This Is What You Need to Know

The Motley Fool explains why Alibaba’s stock is down today. Alibaba’s (NYSE: BABA) stock was down today as the Chinese government’s crackdown on big digital companies grew. The catalyst today seems to be a minor fine against Alibaba and other Chinese corporations, following the removal of Didi Global’s (NYSE: DIDI) ridesharing app downloads from major platforms in China, including Tencent’s WeChat and Alibaba’s AliPay earlier this week. As a result, most Chinese IT stocks are down today, with Alibaba down 3.7 percent and Didi down 4.9 percent as of 3:16 p.m. EDT./nRead More