In this morning’s edition of The Macro Show, Hedgeye China analyst Felix Wang describes the strong headwinds pushing against Alibaba’s growth that other investors are missing.
"People thought that Covid would drive brick & mortar into ecommerce, but that only lasted for a few months. Alibaba's ecommerce growth continues to miss expectations; meanwhile Chinese offline retail sales are growing. It's a huge concern for BABA,” explains Wang, as he hits on the regulatory and fundamental impediments to BABA’s success.
