3 Ways Alibaba Is Capitalizing on the Reopening of China

By Parkev Tatevosian, CFA – May 27, 2023 at 4:00AM

NYSE: BABA

Alibaba Group

Market Cap

$175B

Today's Change

(2.59%) $1.83

Current Price

$72.51

Price as of April 23, 2024, 4:00 p.m. ET

After years in lockdown due to the pandemic, the Chinese economy is finally reopening.

Alibaba (BABA 2.59%) captures a meaningful part of its revenue and operating income from consumer activity in China. Fool.com contributor and finance professor Parkev Tatevosian discusses how Alibaba plans to benefit from the Chinese economic reopening.

*Stock prices used were the afternoon prices of May 24, 2023. The video was published on May 26, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.