Alibaba: Buy Weakness, Wait Patiently And Don’t Hurry

Michael Loccisano Alibaba Regains China’s E-Commerce Throne China’s leading e-commerce platform, Alibaba Group Holding Limited (NYSE:BABA), has continued to face significant challenges, as seen in Alibaba’s recent fiscal third quarter earnings report in early February. As a result, Alibaba’s management has strengthened its resolve to invest more aggressively in its local and cross-border commerce endeavors to take on its arch rivals. I believe there’s little doubt that intense competition in Alibaba’s core China market has battered it, as seen in its BABA 1Y total return of nearly -16%. Compared to discount rival Pinduoduo (PDD) stock, investors saw PDD register an…