I don’t think Alibaba needs another introduction. Everyone’s favourite online shopping mall, Taobao, is taking over China by storm. With the rising middle class and growing affluence in Chinese demographics, it is no wonder why Alibaba’s move into the E-commerce field was able to garner them so much attention and even labelled as the “Amazon” of Asia, and rightfully so.
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Alibaba’s stock price has gone no where in the past few months due to reasons such as rising US-China tensions, the delayed Ant IPO, multiple delisting concerns as well as stronger regulatory curbs from the Chinese government. As a result, investors have decided to sell off their Alibaba shares in pursuit of other opportunities. While the slew of bad news may seem frightening, Alibaba’s fundamentals remain strong and the recent “discounted” share prices in the past months could provide an attractive buying opportunity. I personally bought more...