Why Is Ali Abandoned By Soros?

Soros is regarded as an investment guru who can be equal to Buffett.

In 2014, his hedge fund earned $1 billion 200 million from the trading market, relying on its keen judgement of the market.

Soros for

The attention has always been low, but this time he sold the stock in addition to Alibaba shares, and also Baidu, the proportion of selling up to 87%.

The abandonment of these two stocks may imply that Soros, like many other analysts, believes that at least for some time in the future, China's economy will continue to tumultuous downward, resulting in an overall decline in household consumption.

In 2014, China's GDP growth rate was only 7.4%, the lowest in the past 24 years. In 2015, the domestic stock market recovered, sucking out a lot of funds originally used for consumption, but then was plunged into accounts by several slump.

"Starting this spring,

The management level is no longer simply pursuing the rapid growth of the earnings figures, but is concerned about how consumers can have a smooth, diverse and satisfying consumption experience on Taobao, Tmall and other platforms, and to maintain the business interests that can bring long-term impetus to the Ali platform, that is, more healthy sales and revenue.

"The key to pursuing."

For the high growth Wall Street, this will definitely cause big fluctuations in share prices, but I don't think executives will care much about it.

An analyst close to the Alibaba said.

"I confirm that macroeconomic is an aspect of overseas investors' concern."

86 Sean Zhang, a securities research analyst, told the Wall Street Journal: "in the past month, I have done some roadshows in New York and San Francisco, and many people have asked me about this.

This shows people's concerns about China.

"Our business and development strategies are based on long-term goals, and short-term turbulence will not affect these long-term strategies.

Consumers on the platform of Ali, not only for clear shopping purposes, but also enjoy a lifestyle.

So we will pay close attention to the economic trend and consumer behavior in the short term, but we have confidence in the long-term development of the company.

At the conference call, group CEO Zhang Yong responded to UBS analyst's questions about China's economic impact.