Avoid Getting Rug Pulled - WATCH | BABA Stock

Alibaba's (BABA) growth was severely limited under a terrible regulatory crackdown from the Chinese government, while investor confidence steadily eroded in the e-commerce giant. This was all reflected in the stock sinking over 75% and hitting multi-year lows earlier this month. This week, however, that gloomy posture has brightened tremendously after the company boosted its share buyback program to $25 bln from $15 bln. Now, the confidence-inspiring move conveniently comes less than a week after China's top financial policy officials vowed to ease off large technology companies and to establish measures that support the economy. Can this turnaround in policy continue or rug pull investors in no time flat?

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