1 Growth Stock Down 70% to Buy Right Now

Alibaba (NYSE: BABA) was once considered a promising way to invest in China's growth. It's China's largest e-commerce company and cloud infrastructure provider, and it also operates a logistics service, brick-and-mortar stores, overseas e-commerce marketplaces, digital media platforms, and a video game publishing division.On Oct. 27, 2020, Alibaba's stock closed at a record high of $306.16. That represented a 350% gain from its IPO price of $68 in just over six years. At the time, investors were impressed by Alibaba's rapid sales growth, soaring profits, and wide moat.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool