7 Best Emerging Markets Stocks To Buy Now

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 115

Country: China

Alibaba Group Holding Limited (NYSE:BABA) is a leading Chinese e-commerce and technology company that derives revenue from online retail and wholesale platforms, digital media, and logistics. The company owns a diverse range of online marketplaces, including Taobao, Tmall, AliExpress, Alibaba.com, Lazada, Trendyol, 1688, and Idle Fish. Additionally, the company is a major player in the artificial intelligence (AI) sector, offering a comprehensive suite of tools and services for enterprises and developers through Alibaba Cloud’s AI Platform.

Alibaba Group Holding Limited’s (NYSE:BABA) e-commerce business is poised for continued growth, driven by its expanding market access and enhanced supply chain integration. On November 21, Alibaba Group Holding Limited (NYSE:BABA) announced the formation of the new E-Commerce Business Group, which integrates the company’s e-commerce businesses under one unified umbrella. The company’s new business group structure will enable merchants to better reach new buyers and expand their businesses globally. By leveraging its resources Alibaba Group Holding Limited (NYSE:BABA) aims to drive significant synergies across global supply chains, resulting in faster and more competitive delivery options for consumers.

Alibaba Cloud’s Platform is also a significant growth driver, with a 37% market share in China, according to DBS Bank. On November 18, the Financial Times reported that the company is recruiting top AI talent to build an AI team in the San Francisco Bay Area. Alibaba Cloud also benefits from a favorable landscape, with the Chinese government supporting its adoption as part of a national digital strategy, driven by rising internet penetration, the expansion of 5G networks, and government initiatives that fuel cloud demand.

While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BABA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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