Alibaba Stock Has Soared More Than 110% This Year. Here's Why It Might Not Be Too Late to Invest.
The China-based tech company still looks like a cheap buy, even despite its impressive rally.The one area of the markets where investors have been hesitant to invest in recent years has been in Chinese stocks. Due to concerns about trade and government oversight in China, there's been some hesitation to hang on to promising growth stocks from that part of the world.A prime example of that is Alibaba Group (BABA 2.01%). Between 2023 and 2024, while the S&P 500 soared more than 50% and tech stocks were taking ...