China's Tech Stocks Surge: What Top Investors Know That You Don't [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
Cutting rates places stocks like Alibaba and Baidu in a much better position than their peers, Amazon and Google. Wall Street analysts agree with this setup, placing double-digit upside potential in these stocks for the coming quarters. Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia's powerhouse. China's technology sector has the lowest valuation in history compared to its American counterpart. Measured through the KraneShares CSI China Internet ETF (NYSE:KWEB) , names in this space now trade at steep discounts against peers like Alphabet (NASDAQ:GOOGL) and even Amazon.com (NASDAQ:AMZN) . While discounted stocks might not look attractive to some investors based on their price action, others recognize the value to be had in them. This is why stocks like Alibaba Group (NYSE:BABA) Baidu (NASDAQ:BIDU) , and the overall iShares MSCI Ch
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BABA
Earnings
- 8/15/24 - Beat
BABA
Sec Filings
- 9/27/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/13/24 - Form 6-K
- BABA's page on the SEC website