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Forget Alibaba, These 3 Chinese Tech Stocks Are Better Buys

·5 min read
Forget Alibaba, These 3 Chinese Tech Stocks Are Better Buys
In this article:
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Alibaba (NYSE: BABA), China's top e-commerce and cloud company, lost nearly 10% of its value from January to late May, underperforming many industry peers. An antitrust probe in China, tighter auditing standards in the U.S., and the rotation from growth to value stocks all weighed down its stock. Alibaba's stock might look cheap at 18 times forward earnings, but analysts still expect its earnings to dip 3% this year as it absorbs a record $2.75 billion antitrust fine.