Why Alibaba Is Called the Amazon of China

By Parkev Tatevosian, CFA – May 22, 2024 at 8:15AM

NYSE: BABA

Alibaba Group

Market Cap

$166B

Today's Change

(-3.08%) -$2.33

Current Price

$73.35

Price as of June 14, 2024, 4:00 p.m. ET

Like Amazon, Alibaba runs an e-commerce business and a cloud computing segment.

Fool.com contributor Parkev Tatevosian digs deeper into Alibaba's (BABA -3.08%) business segment to determine the catalysts for profit expansion.

*Stock prices used were the afternoon prices of May 19, 2024. The video was published on May 21, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. 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.