UBS has some new picks, Alibaba doesn’t make list
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Hangzhou’s Headquarters in China displayed a sign for Alibaba Group Holding Ltd. on Wednesday, November 10, 2021. Alibaba’s 11.11 Singles’ Day annual online shopping bonanza draws hundreds of millions across the world. This year, the ecommerce giant is trying to shift the focus from increasing sales to sustainability and philanthropy, key pillars in President Xi Jinping’s push to reshape China’s economic system.
Qilai Hen | Bloomberg | Getty Images
It has been a difficult year in the Chinese tech industry. UBSThe end is near for this sector, says the bank. These are the top four stock choices of the bank going into 2022. All have buy ratings by the bank.
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