NetEase, Baidu, and Alibaba Have a Lot to Prove This Week
Earnings season is all but over, but this week will be huge if you're a fan of China's iconic internet growth stocks. NetEase (NASDAQ: NTES), Baidu (NASDAQ: BIDU), and Alibaba Group Holding (NYSE: BABA) will report fresh financials on Tuesday, Wednesday, and Thursday, respectively.
It's a challenging time to be a shareholder in Chinese growth stocks. Regulatory agencies are cracking down on some business models, and "common prosperity" initiatives are eating into overall profitability. Let's see how the three companies are holding up ahead of telltale quarterly reports this week.
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Source Fool.com
