That’s a solid number for the e-commerce giant, considering how the coronavirus pandemic affected the period. It operates through two segments, Business and Consumer. And significant effort is being put into ensuring it doesn’t even get that far. The Senate already passed the bill, and the Democrat-led House of Representatives has introduced a companion bill. In May 2020, Trump once again raised the prospect of delisting Chinese companies. Companies also must submit to inspection by the Public Company Accounting Oversight Board. However, it’s not time to hit the panic … If you could only invest in one stock for the rest of your life, what would it be and why? Is now the time to invest in Chinese e-commerce giant Alibaba (NYSE:BABA)? The coronavirus pandemic is one thing, but there’s potentially a bigger threat to American investors in Chinese stocks — including Alibaba. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. That performance shows a high degree of resiliency — another reason why this stock gets an A rating. Investors Focused Stocks: Great Basin Scientific I…Highly Traded Stocks: Apple (AAPL),  National Bank…Another Opportunity To Buy These Stock: Apple (AAP…Stock’s Trend Analysis Report: Oracle Corporation …Traders Watch list: Micron Technology, Inc. (NASDA…Stocks in Focus: Marathon Oil Corporation (NYSE:MR…Stocks to Watch: Sprint Corp (NYSE:S), Boeing Co (…Stocks Under Consideration: Southwest Airlines Co …Stocks on Trader’s Radar: Kinross Gold Corporation…, Active Stocks in the News: Costco Wholesale Corporation, (NASDAQ:COST), PDL BioPharma, (NASDAQ:PDLI), 21Vianet Group, (NASDAQ:VNET), Active Stock’s Momentum: eBay Inc (NASDAQ:EBAY), Baxalta Inc (NYSE:BXLT), Xcel Energy Inc (NYSE:XEL), Copyright © 2020 | MH Magazine WordPress Theme by MH Themes. And now there’s a threat that Alibaba stock could be delisted in the U.S. Guidance for fiscal 2021 is for revenue greater than 650 billion yuan, which is slightly below analysts’ expectations of 664.3 billion yuan. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. When the trade war between the U.S. and China flared up again last fall, President Donald Trump’s administration floated the idea of delisting Chinese stocks. That would not be good news for investors in Alibaba stock. Shares of Centurylink Inc (NYSE:CTL), declined -2.54% to $27.22, during its last trading session. BABA released its results for the quarter ending March 31. Source: Nopparat Khokthong / Shutterstock.com, Nothing Can Stop Alibaba Stock From Going Higher Now, Louis Navellier and the InvestorPlace Research Staff, Holding Foreign Companies Accountable Act, Alibaba is happy to stand by its accounting standards, six best stocks you can buy for a post-coronavirus bump, the biggest tech revolution of this (or any) generation, 5 Keys to Find Small Stocks With 10X Potential, The Slide in Netflix Stock Is a Great Investment Opportunity, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Monster Growth Stocks With Double-Digit Upside, 7 Dividend Stocks To Buy For Big Returns In Your Bank Account, Plug Workhorse Stock into Your Trading Portfolio Because It Is Electric, DiamondPeak Stock Is Revving Up Ahead of Its Lordstown Merger, Why Nio Stock Could Head to Over $40 Next. In order for the delisting to take place, legislation would need to pass a vote in the House of Representatives. Now I’m giving Alibaba stock a strong buy rating, and I have upgraded it to an A. Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. Alibaba is already the fourth-largest cloud company in the world, and it’s the fastest-growing. Atlas Copco AB (ATLKY) CEO Mats Rahmström on Q3 2020 Results – Earnings Call Transcript, TAL Education Group (TAL) Management on Q2 2021 Results – Earnings Call Transcript, China Stock Market May Find Traction On Friday, Old Republic International Corporation (ORI) CEO Craig Smiddy on Q3 2020 Results – Earnings Call Transcript, PGS ASA (PGSVY) CEO Rune Olav Pedersen on Q3 2020 Results – Earnings Call Transcript, Socket Mobile, Inc. 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(THLEF) Management on Q3 2020 Results – Earnings Call Transcript, Alfa Laval’s (ALFVF) CEO Tom Erixon on Q3 2020 Results – Earnings Call Transcript, Trying To Understand This Weird Economic Recovery, NorthWestern Corporation (NWE) CEO Bob Rowe on Q3 2020 Results – Earnings Call Transcript, Umpqua Holdings Corp (UMPQ) CEO Cort O’Haver on Q3 2020 Results – Earnings Call Transcript, Penske Automotive Group, Inc. (PAG) CEO Roger Penske on Q3 2020 Results – Earnings Call Transcript, Exclusive: Wells Fargo explores sale of asset management business – sources, Sandy Spring Bancorp (SASR) CEO Daniel Schrider on Q3 2020 Results – Earnings Call Transcript, Japans Nikkei 225 index open up 0.36% at 23,558.71. On Friday, Shares of Alibaba Group Holding Ltd (NYSE:BABA), gain 2.68% to $79.96. After years of building data centers, AWS now accounts for the lion’s share of Amazon’s (NASDAQ:AMZN) profits. But there's another way to look at this: Ma owned 1.04 billion Alibaba shares on July 2, 2020. Nasdaq If they don’t adhere to the Sarbanes-Oxley (SOX) Act, they could lose their Nasdaq or New York Stock Exchange listing. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Finally, EXCO Resources Inc (NYSE:XCO), ended its last trade with -0.95% loss, and closed at $1.04. E-commerce company Alibaba Group Holding Ltd. is looking to sell its stake in China’s leading online provider of movie ticketing, restaurant bookings and other on-demand services as it builds a competing platform of its own, according to people familiar with the situation, according to WSJ. Alibaba has proven that its business model is resilient, able to withstand even the effects of a pandemic. Article printed from InvestorPlace Media, https://investorplace.com/2020/06/alibaba-stock-coronavirus-growth-delisting-china/. All rights reserved. In May, Alibaba reported fiscal fourth-quarter earnings of 114.3 billion yuan ($16.2 billion), beating Wall Street’s estimates of 108.4 billion yuan. With 6.9 million confirmed cases and over 400,000 deaths globally, Covid-19 threatens to put the global economy into a recession. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Source: Nopparat Khokthong / Shutterstock.com, Alibaba Stock Will Keep Growing Despite New Delisting Threats, Louis Navellier and the InvestorPlace Research Staff, biggest tech revolution of this (or any) generation, 5 Keys to Find Small Stocks With 10X Potential, The Slide in Netflix Stock Is a Great Investment Opportunity, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 7 Monster Growth Stocks With Double-Digit Upside, 7 Dividend Stocks To Buy For Big Returns In Your Bank Account, Plug Workhorse Stock into Your Trading Portfolio Because It Is Electric, DiamondPeak Stock Is Revving Up Ahead of Its Lordstown Merger, Why Nio Stock Could Head to Over $40 Next. WSJ Report. The Holding Foreign Companies Accountable Act would require any company listed on U.S. exchanges to certify that it is not controlled or owned by a foreign government. (MRKR), (ORN), (HLX), (TXMD), 4 Penny Stocks With Unusual Move This Week (ARAY, CREX, ONCY, WKHS), 4 Hot Penny Stocks To Watch This Week (LXRX),(F), (RTIX), (BTG), 3 Top Biotech Penny stocks to Consider in May (AGEN), (DVAX), (VSTM). I’ve never owned shares that split before. The Company’s principal operations are conducted in certain United States oil and natural gas areas counting Texas, Louisiana and the Appalachia region. And it’s destined to move even higher. Given all that, I don’t expect the delisting threat to hurt Alibaba stock. It remains unclear how a delisting, even if the bill passes Congress, would affect Alibaba. When it does finally split it will help attract investors due to the low cost per share and drive the stock … The Chinese e-commerce giant is firing on all cylinders, after moving $1 trillion in merchandise across its platform over the past year. The company made it clear that the pandemic had hurt, but that the worst was quickly over: “Although the pandemic negatively impacted most of our domestic core commerce businesses starting in late January, we have seen a steady recovery since March.”. Netflix Stock: Analyzing the Current Scenario, Alphabet Inc.: Current Analysis and Comparison, Stocks to Track – Facebook, (NASDAQ:FB), Sprint Corporation, (NYSE:S), WaferGen Bio-systems, (NASDAQ:WGBS), Active Stock’s Buzzers: Royal Dutch Shell plc (ADR) (NYSE:RDS.A), Texas Instruments Incorporated (NASDAQ:TXN), CVS Health Corp (NYSE:CVS), on Active Stocks In the News: Alibaba Group Holding Ltd (NYSE:BABA), Centurylink Inc (NYSE:CTL), EXCO Resources Inc (NYSE:XCO), Investors Focused Stocks: Great Basin Scientific I…, Highly Traded Stocks: Apple (AAPL),  National Bank…, Another Opportunity To Buy These Stock: Apple (AAP…, Stock’s Trend Analysis Report: Oracle Corporation …, Traders Watch list: Micron Technology, Inc. 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