Alibaba (BABA): Shanghai and Its E-Commerce Under Lockdown

Alibaba Group

Equity Bottom-Up

105 Views, 13 Apr 2022 10:18

EXECUTIVE SUMMARY

  • Shanghai is in lockdown and citizens are finding it hard to get enough food.
  • Community group purchase has been taking consumers from e-commerce apps.
  • The central government reiterates the zero-COVID policy, but the Omicron variant is spreading with very few death cases.

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