From Nasdaq:

Alibaba (NYSE: BABA) struggled in 2023, losing market share to PDD Holdings and being hit by U.S. chip export restrictions. The stock finished the year down 12%.

The stock soared to start 2023, but fell as anticipation of its earnings report grew. Alibaba stock ended the year volatile and has continued to slip in 2024.

Alibaba’s revenue growth is improving, but the company is still struggling. The Chinese economy remains weak, and the company continues to lose market share to competitors.

Before you invest in Alibaba Group, note that the Motley Fool Stock Advisor analyst team didn’t include Alibaba Group in its list of 10 best stocks for investors to buy now. They have identified stocks that could produce higher returns in the coming years.

Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and Alibaba Group.



Read more: Why Alibaba Stock Fell 12% in 2023