Introducing Alibaba

Alibaba Group, a Chinese conglomerate, has built an ever-expanding ecosystem covering an enormous segment of Chinese economy, including domestic/international e-commerce, logistics, digital banking and payment, cloud computing and digital media & entertainment. Its 2014 IPO shattered all records becoming world's largest IPO at the time. Yet the company has been under scrutiny since 2021 largely due to the tighter regulations imposed by the Chinese Government - especially after its once high flying founder, Jack Ma, publicly chided the country's financial system in October 2020. Its share price plummeted more than 60% thereafter. We added Alibaba to the portfolio in 2021 and subsequently increased this position as we believe Alibaba to be significantly undervalued relative to our assessment of its intrinsic value. To learn more, read our Alibaba Investment Summary Report.