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Aditi Ganguly

Is Alibaba a Buy After Its Recent Gains?

BABA Alibaba Ant Alibaba Group Holding Ant Group e-commerce

Alibaba Group Holding Limited (BABA) is the largest e-commerce retailer in China, with $134.54 billion trailing-12-month revenues. The company is ranked #63 on the Fortune Global 500 list.

The company came under fire in November 2020, just before the highly anticipated Ant IPO listing. It was one of the primary targets during the country’s regulatory crackdown on tech giants and had to pay a record $2.80 billion under antitrust fines. BABA’s shares have declined 66.34% since November 2020 to close yesterday’s trading session at $98.52.

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