It has been a rough year-plus for Alibaba (NYSE: BABA), which has seen its stock price decline some 60% since hitting all-time highs in October 2020. Central to Alibaba's strategy is improving on its current core business, its e-commerce marketplaces that dominate China's higher-tier, wealthier cities. First, Alibaba hopes to increase the number of "VIP" customers that pay for Alibaba's 88VIP subscription, which is similar to Amazon Prime. Read More...
Motley Fool
Nio Is Now Down 58% From Its High. Is It a Buy?
Shares of Nio (NYSE: NIO) set their all-time high back on Jan. 11, when they traded at $66.99 at some point during the day. Clearly it has been a rough year for Nio, which has been hit by COVID-19 shutdowns, supply chain challenges, and a lull in its new-product cycle that allowed competitors to gain ground. Nio will begin shipping its long-awaited ET7 sedan in March, followed in September by the one-size-down ET5, which was revealed on Saturday. Meanwhile, its order books remain strong, its customer satisfaction is high, and there are signs that it may have put the worst of the supply chain woes in the rearview mirror.
