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StockNews.com
StockNews.com
Business
Malaika Alphonsus

2 China Stocks That Could Be Better Buys Than Alibaba in 2023

BABA Alibaba CAAS MoMo China BYD Economy Hello Group Inc

According to Statista, as of 2022, the famous Chinese internet retail company Alibaba Group Holding Limited’s (BABA) market value declined to $237.80 billion, down nearly 75% from its peak.

Moreover, the stock trades at a premium to its peers. In terms of its forward GAAP P/E, BABA’s 28.79x is 88.7% higher than the 15.26% industry average. Its forward EV/Sales of 1.78x is 47.8% higher than the 1.21x industry average.

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