Alibaba Stock: The Bottoming Process Looks To Be Forming Already
Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the
China's electric car leaders predict new energy vehicles will dominate the local market by 2030
New energy vehicles, which include electric cars, will account for 70% of China's new car sales by 2030, BYD founder Wang Chuanfu said at a conference over the weekend.Nio founder William Li predicted a higher penetration rate of 90%.The central government would like 20% of new cars sold to be new energy vehicles by 2025.BEIJING — New energy vehicles will dominate the world's largest auto market in about ten years, two executives from major Chinese electric car companies predicted over the weeke