From Nasdaq:

Meta Platforms’ stock saw significant growth in late 2022, potentially doubling or tripling investments. Alibaba Group Holding (NYSE: BABA) is another stock with great potential for returns, despite concerns about Chinese government influence. Alibaba’s diverse business and growth prospects make it an attractive investment, especially given its discounted valuation.

Alibaba’s revenue from online shopping platforms increased by 2% in the last quarter of 2023. The company’s diverse operations, including cloud intelligence and logistics, add to its appeal. Co-founder Joe Tsai predicts significant e-commerce growth in China, positioning Alibaba well in the market.

Although Alibaba’s stock has dropped 15% in the past year, its valuation remains attractive with a low P/E ratio of under 14. Despite geopolitical risks, the company’s established position in the Chinese market offers long-term value. Investors may find Alibaba’s stock price discount enticing for potential future gains.



Read more at Nasdaq: Buying This Tech Stock Could Be Like Buying Meta Platforms in 2022