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Chinese equities will continue to rise in the long term

The Chinese economy reported deflation (negative inflation) recently, scaring some while putting a smile on other faces. As the Asia powerhouse sees its consumption decline, the government may see rising pressure to step in and increase its stimulus initiatives, which are a significant catalyst for consumer-dependent companies like Alibaba.

Other China consumer companies like JD.com NASDAQ: JD have followed a similar price action pattern to that of Alibaba, a stratospheric rise during 2020-2021 followed by more than 60% declines to keep prices compressed at today's levels. Markets are typically forward-looking, and investors have a chance to potentially scoop up cheap Alibaba shares before markets realize just how undervalued this company is.

Investors like Michael Burry (yes, the guy who called the 2008 bubble) are seeing some potential in Alibaba over some American comparable names like Amazon.com NASDAQ: AMZN. The value investor has doubled his position in Alibaba as of the second quarter of 2023, and perhaps new headlines announcing larger positions will come in after today's earnings results.

How do you view China stock rebound?

Chinese stocks advanced after a report saying Beijing is planning further support for the nation's economy. Bilibili surged 8%; Pinduoduo rose to $109; Alibaba added 3%. --------------- How do you view the rebound? Do you think the rally can be sustained? What's your target price?

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Other China consumer companies like JD.com NASDAQ: JD have followed a similar price action pattern to that of Alibaba, a stratospheric rise during 2020-2021 followed by more than 60% declines to keep prices compressed at today's levels. Markets are typically forward-looking, and investors have a chance to potentially scoop up cheap Alibaba shares before markets realize just how undervalued this company is. Investors like Michael Burry (yes, the guy who called the 2008 bubble) are seeing some potential in Alibaba over some American comparable names like Amazon.com NASDAQ: AMZN. 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