I earned a 40% stock discount Alibaba (HKG:9988) voucher on Tiger Broker's Santa Monopoly game.
I redeemed this voucher today to purchase my first share of Alibaba at only HK$68.1.
This is a steal, a small great deal which provides a good headstart and foundation for me to accumulate more Alibaba shares.
I think Tiger Broker has done a great job to instill confidence in retail investors to make small steps towards investing. By giving stock discount vouchers through in-app games, it really helps and encourages amateur retail investors to overcome their psychological barrier.
The share price of Alibaba has weakened severely in the past year due to immense bad news and crackdown by the Chinese government.
Fundamentally, Alibaba is still a strong, undervalued but profitable company underpinned by thriving e-commerce, Internet, artificial intelligence, video streaming and growing cloud computing businesses....