Alibaba is currently trading at HKD212, which is near it 52-week low of HKD200.20 - 309.40. PE is not overly demanding around 25X versa Amazon around 65X. The massive sold down occurred last Nov when Chinese regulators last minute suspected the near USD35 billion Ant Group IPO. Alibaba was subsequently hit with a record USD2.8 billion antitrust fine. Should be very good to add to your watchlist and accumulate slowly especially for long term investors.
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