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BABAF - Alibaba And Chinese Tech Stocks: Come Out Of Hiding Now - It's Time To Buy
Alibaba Group Holding Ltd
Chinese President Xi Jinping directed that the government is committed to "deliver its economic growth target and support the healthy growth of internet platform companies."
The edict from Xi himself is highly significant. He is committed to leveraging Alibaba and its peers to help meet his economic agenda.
We discuss why Alibaba and Chinese tech investors should come out of hiding now.
As such, we reiterate our Buy rating on BABA stock.