Reported 2 days ago
Alibaba's stock has surged nearly 50% this year, driven by a stabilization in its e-commerce business and a rapid expansion in its cloud services, despite facing significant regulatory and competitive challenges in recent years. Its revenue and adjusted EBITDA both increased, suggesting it's undervalued compared to its growth potential. Analysts predict steady future growth, and potential improvements in U.S.-China relations could further enhance its valuation, transitioning Alibaba from a high-growth to a value-focused company.
Source: YAHOO