Alibaba Joins China's Stock Connect, Eyes Billions In Investment Boost
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
0mins
Should l Buy BABA?
Source: Benzinga
Alibaba Joins Stock Connect: Alibaba Group will be included in China's Stock Connect program, allowing around 200 million mainland investors to access its Hong Kong-listed shares, potentially attracting up to $12 billion in onshore funds within six months.
Market Impact and Performance: The addition aligns Alibaba with other major Chinese tech firms and follows a recent dual-primary listing in Hong Kong; however, the company's stock has declined over 9.4% in the past year, currently trading at $80.95.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
14 Analyst Rating
13 Buy
1 Hold
0 Sell
Strong Buy
Current: 158.730
Low
172.00
Averages
203.66
High
230.00
Current: 158.730
Low
172.00
Averages
203.66
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through nine segments. The China Commerce Retail segment is engaged in the China commerce retail business. The China Commerce Wholesale segment is mainly engaged in the operation of 1688.com. The Cloud Intelligence segment provides cloud services. The International Commerce Retail segment provides customer management services, sales of goods and logistics services. The International Commerce Wholesale segment is mainly engaged in the operation of Alibaba.com. The Cainiao Represents Logistics Services segment provides fulfilment services. The Local Services segment’s revenue includes platform commissions, logistics services revenue. The Digital Media and Entertainment segment engages in the operation of Youku and Alibaba. The All Others segment is mainly engaged in the Sun Art, Freshippo and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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