Lockdowns in China could be a boon for businesses like Alibaba, says Sam Le Cornu of Stonehorn Global Partners.
Lockdowns in China could be a boon for businesses like Alibaba, says Sam Le Cornu of Stonehorn Global Partners, who said his firm is buying more shares in the Chinese tech giant.
As the pandemic stretches into its third year, China has continued with its strict zero-Covid strategy, with lockdowns being implemented in cities following the discovery of a few infections. Le Cornu said his firm is increasing its position in Alibaba as they see a buying opportunity based on valuations and the earnings outlook., says Sam Le Cornu of Stonehorn Global Partners, who said his firm is buying more shares in the Chinese tech giant.
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