Alibaba became one of the most valuable tech companies in the world after raising $25 billion from its U.S. IPO. It is also one of the most valuable Chinese public companies, ranking among some of the country's state-owned enterprises.
Is Alibaba stock cheap?
The stock at 15 times earnings is undoubtedly cheap, compared with its history and e-commerce peers like Amazon. Even bearish investors expect Alibaba to remain a dominant force in China's economy and in Chinese consumers' lives.
Is Alibaba traded in China?
Alibaba has grown to be one of China's largest companies, with extensive influence in the world. It first gained control over the Chinese e-commerce market, with a reported 69% of online retail sales in China going through the company in 2020.
Is Alibaba publicly traded?
Alibaba was originally characterized as China's answer to Amazon. The company went public in the U.S. by listing on the NYSE in September 2014. Investors tend to trust companies listed on the NYSE because of the exchange's reputation and requirement of transparency.
What is Alibaba market share in China?
According to Goldman Sachs, Alibaba took the lion's share of the market in China in 2020. As a result, the two companies owned a collective 81% of the total e-commerce retail market. To break down the figure further: Alibaba's market share was 69%, while JD was a distant second with 12%.Dec 7, 2021
Who owns Alibaba now?
Jack Ma
Is Alibaba a good investment for 2021?
Alibaba's e-Commerce performance has been very strong throughout 2021, although Alibaba sees revenue growth slowing to 20-23% in FY 2022. Since Alibaba generated about 77% of its Q2'22 revenues from its home market, an investment in Alibaba is chiefly a bet on China's continual retail e-Commerce growth.
Will Alibaba stock go up?
For its current fiscal year 2022, Alibaba is expected to earn $8.09 a share, down 19% compared to 2021. But growth is expected to ramp up in 2023, up 15% to $9.34.
What is the future of Alibaba stock price?
Stock Price Forecast The 50 analysts offering 12-month price forecasts for Alibaba Group Holding Ltd have a median target of 183.66, with a high estimate of 295.33 and a low estimate of 139.61. The median estimate represents a +48.58% increase from the last price of 123.61.