Here's My Top Value Stock to Buy Right Now
Everyone wants more for less, and stock market investors are no exception. As they research potential value stocks to add to their portfolio, they might want to take a look at Chinese tech giant Alibaba (NYSE: BABA).
Alibaba is a great way to bet on the red-hot e-commerce industry for just a fraction of the valuation of the company's rivals. And while Alibaba faces some regulatory uncertainty over alleged anti-competitive practices, its diversified business model and healthy growth rate make up for these challenges.
Valued at $2.1 trillion, China's e-commerce market is the biggest in the world. And it is expected to grow at a compound annual growth rate (CAGR) of 12.4% and hit $3 trillion in value by 2024. Alibaba is a great way to bet on this opportunity because of its dominant market share of around 50% in business-to-consumer (B2C) e-commerce. That's compared to JD.com (NASDAQ: JD) and Pinduoduo's B2C shares of 27% and 13%, respectively.
Source Fool.com
