2024-06-04 14:26:14 ET
Summary
- Alibaba Group Holding Limited stock has seen a rally followed by a pull-back, but renowned investors and hedge funds are opening positions in Chinese stocks.
- The Chinese government is expected to further support the economy and housing market, giving investors confidence.
- The Canadian Pension Plan and Soros Fund Management have increased their positions in Alibaba, indicating strong conviction in the stock.
Thesis Summary
Alibaba Group Holding Limited ( BABA ) continues to trade near all-time lows, but it has seen a nice rally, followed by a bit of a pull-back in the last month....
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Alibaba: Central Bank Gives Green Light To Investors