Alibaba (BABA) Still Strong in U.S. Market

The Chinese conglomerate Alibaba (BABA) has topped the headlines today after receiving a record $2.8 billion antitrust fine from its own government.

LikeFolio data shows Mentions have continued to rise, up +16% YoY and +39% vs. 2019 in 21Q4 (ended 3/31).

Only a portion of Alibaba’s billions in revenue comes from western markets, but growing Buzz from English-speaking consumers has been a bullish signal for the company in the past.

Despite the hefty fee imposed, BABA shares surged +7% this morning. The stock remains -25% below its October highs.