TopMarketGainers
Long

$BABA Betting on a beat for Alibaba.

NYSE:BABA   Alibaba Group Holdings Ltd.
The Amazon of Asia has never really got the valuation it deserves on Wall Street as questions and scepticism regarding accounting practices continue to linger.
P/E ratio 31 very reasonable considering the growth rate and potential.
A strong buy among analysts.
Company profile
Alibaba Group Holding Ltd. engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: Core Commerce; Cloud Computing; Digital Media and Entertainment; and Innovation Initiatives and Others. The Core Commerce segment comprises of platforms operating in retail and wholesale. The Cloud Computing segment consists of Alibaba Cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The Digital Media and Entertainment segment relates to the Youko Tudou and UC Browser business. The Innovation Initiatives and Others segment includes businesses such as AutoNavi, DingTalk, Tmall Genie, and others. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.
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