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One Stock to Watch for Tuesday, September 15

September 14, 2020 by Michael Whitman

Alibaba Group Holding Limited (NYSE: BABA)

Alibaba Group Holding Limited (NYSE: BABA) is the massive e-commerce platform from China whose primary revenue source is its large digital marketplace.

That marketplace – similar to Amazon’s – connects merchants and consumers and allows for transactions between the two. There’s no arguing that Alibaba absolutely dominates the Chinese e-commerce market which, with 1.4 billion people, is the world’s largest.

Also like Amazon, Alibaba has launched a cloud computing segment that offers artificial intelligence and an integrated suite of cloud-based services that is still in its early growth stages.

This growth opportunity from the company’s cloud-based services – combined with its massive e-commerce presence – makes Alibaba a strong potential play for investors at virtually all risk levels.

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