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Benzinga
Benzinga
Business
Anusuya Lahiri

Alibaba Leads Goldman's Top Chinese Picks For Global Growth

Alibaba BABA Goldman Sachs China United States
The Alibaba Trade

Goldman Sachs urged investors to focus on Chinese companies expanding overseas, citing a weaker yuan, cost advantages, and China’s strength in global supply chains as growth catalysts.

In a report led by analysts Si Fu and Kinger Lau, Goldman identified 25 top picks, including Alibaba Group Holding Ltd (NYSE:BABA), Contemporary Amperex Technology Co Ltd (CATL), and BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF), as key beneficiaries of this “going global” trend.

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