Alibaba's Logistics Hub in Belgium Hit With the Latest Spying Scrutiny
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.
Does the "e" in e-commerce stand for espionage in the case of Alibaba?
Belgian authorities are monitoring the e-commerce giant for "possible espionage" at the company's main European logistics hub, the Financial Times reported. It's the latest instance of the West's growing distrust of Beijing and Chinese companies.
Source Fool.com
Alibaba Group Holding Ltd ADR Stock
The stock is one of the favorites of our community with 49 Buy predictions and 2 Sell predictions.
With a target price of 104 € there is a hugely positive potential of 52.72% for Alibaba Group Holding Ltd ADR compared to the current price of 68.1 €.