#1 - Alibaba (NYSE:BABA)
Alibaba (NYSE:BABA) is probably the most well-known Chinese stock. Alibaba is primarily listed on the New York Stock Exchange, and has a secondary listing on the Hong Kong Stock Exchange. The company’s initial public offering (IPO) raised approximately $13.8 billion that included the issuance of 500 million new ordinary shares. However, the new offering only diluted BABA’s total shares by less than 3%.
It is colloquially, but perhaps too conveniently, labeled as the Amazon of China. But that minimizes what Alibaba really does. Rather, Alibaba combines many of these companies' core competencies in a single company that has a market cap of just under five trillion dollars.
For its part, Alibaba management has stated that the company prepares and presents its financial statements in accordance with U.S. accounting standards. And investors know that Alibaba stock will continue to trade on the NASDAQ exchange for several years, even if the United States passes a bill to have the stock delisted. That being said, it’s hard to see Alibaba fully opening the company’s books to U.S. regulators.
About Alibaba Group
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
Read More - Current Price
- $81.33
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $112.91 (38.8% Upside)
