Alibaba and other Chinese stocks continue to rally.  It is a big risk to be ignored.

Ali Baba

and other Chinese tech stocks appeared to reverse a brutal two-year slide this month. Investors betting on a recovery may be overlooking the risk of China’s “zero Covid” policies and how much more these stocks could be hurt.

Ali Baba

(ticker: BABA ) lost almost half its value in 2021 as it, along with the rest of China’s tech sector, found itself on the wrong side of the regulators both in Beijing and Washington. The picture cleared up a bit in 2022, with China’s restrictive policies to control Covid-19 prompting the company to the worst revenue growth in history.

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