$Alibaba(09988)$ALIBABA A TRILLION STOCK IN FUTURE ? WHAT ARE THE POSSIBILITIES?
Amazon (NASDAQ:AMZN), which is growing at a similar rate as Alibaba, trades at 65 times this year's earnings and four times this year's sales. Therefore, Alibaba's regulatory headaches -- and the market's distaste for Chinese stocks -- are clearly depressing its valuations.
The big news that sent Chinese ADRs soaring on Tuesday was that Chinese exports rose by 25.6% year over year in the month of August. The report shows that there is a strong demand for Chinese goods overseas, which include electronics and consumer goods.
Soaring export means HPHT ports in shenzhen and hong kong are booming !!! 🇭🇰 🇨🇳
🚀 🚀 🚀 🚀
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