11.05.2020 Alibaba Daily Analysis

11.05.2020 Alibaba Daily Analysis

Since the beginning of last week, Alibaba (NYSE:BABA) has been showing an uptrend, going up for this week by $4.70, or by 2.39% at $201.19. The Chinese fan base of Nintendo's most popular game Animal Crossing has become a global bestseller as players describe the game to be a virtual version of their imaginations or even themselves and also allows them to interact with other gamers as a form of escape from the real world dealing with the pandemic. To have the full potential to obtain and play the game, players are actually paying a premium of up to 50% for an unlocked Switch (NYSE:SWCH) console that is sold abroad. "I think that everyone is like this. After a period of time, you will want to speak to someone, to chat with someone or to go out somewhere with someone. But there aren't many such opportunities during this epidemic," Chinese tutor Zhao Tianyu said, who bought the unlocked Switch console on Alibaba (NYSE:BABA)'s Taobao e-commerce platform from a third-party seller in February.