NYSE:BABAMultiline Retail
Alibaba (NYSE:BABA): Evaluating Valuation After Cloud Gains, AI Momentum, and Youku’s Global Streaming Deal
If you’ve been following Alibaba Group Holding (NYSE:BABA), this recent run-up in the stock may have caught your eye. The latest boost appears to ride on a wave of optimism for Chinese equities as they rebound from last year’s lows. Notably, Alibaba has made headlines with its deepening involvement in AI, stronger results from its AliCloud division, and, just announced, a step forward in the global video distribution game due to Youku’s participation in a major patent pool.
This positive...