Tag Archives: Alibaba

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Cumberland Advisors Market Commentary – Singles’ Day and Alibaba

Author: Leo Chen, Ph.D., Post Date: November 10, 2020
Market Commentary - Cumberland Advisors - Singles’ Day and Alibaba (Leo Chen)

November 11 is Singles’ Day in China. It is an unofficial shopping holiday that was started by Alibaba in 2009. It is called Singles’ Day because the repeated number “1” in “11.11” refers to single people in Chinese. Although Singles’ Day is often compared to Black Friday in the US, it is actually more similar […]

Cumberland Advisors Market Commentary – China Update – Ant Versus the State

Author: William Witherell, Ph.D., Post Date: November 9, 2020
Cumberland Advisors Market Commentary by William "Bill" Witherell, Ph.D.

Last week, the Ant Group was expected to list in Shanghai and Hong Kong the largest IPO in history. However, on Tuesday, November 3, the Shanghai Stock Exchange announced it had postponed the company’s listing, citing “major issues” that might cause it “not to meet the listing conditions or disclosure requirements.” The IPO listing was […]