Goldman Sachs Prefers the US Stock Market. Why Alibaba Is an Exception.

GENLI.ORG

Chinese tech stocks have taken a beating since many hit all-time highs in early 2021, and the picture hasn’t improved much in 2022. That may be a compelling reason to at least take a new look at this sector, according to


Goldman Sachs

Regulatory pressures from both Beijing and Washington, D.C., which kicked off in earnest at the end of 2020, have driven stock prices in the sector relentlessly lower, with


Alibaba


(ticker: BABA) losing almost half its market value last year alone. The picture isn’t much better for peers like


JD.com


(JD),


Baidu


(BIDU), or


NetEase


(NTES).

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