Billionaire George Soros Stock Portfolio: Top 10 Stock Picks

4. Alibaba Group Holding Ltd. (NYSE:BABA)

Soros Fund Management’s stake as of Q3: $138.59 million

Alibaba Group Holding Limited (NYSE:BABA) is a tech and e-commerce company serving customers and small business owners. The company is also a leader in digital media, logistics, and cloud computing. Nonetheless, the Chinese company has faced growth challenges in recent years due to regulatory issues and U.S.-China trade and technology tensions.

To further build out its international exposure, Alibaba Group Holding Limited (NYSE:BABA) aims to integrate its Korean operations into the e-commerce platform of E-Mart. The decision follows a strategic aim of expanding worldwide when growth in its main Chinese e-commerce business has shown signs of slowing. Although performance was slow at home for its e-commerce business during the September quarter, the company received a somewhat counterbalancing impact on its cloud computing arm as well as the international divisions: Lazada and AliExpress.

Meanwhile, Alibaba Group Holding Limited (NYSE:BABA) is also doubling down on investments in cloud infrastructure to meet the increasing demand for AI-driven solutions. During Q3, Alibaba Cloud saw revenue increase 7% year-over-year, fueled by strong growth in the public cloud business. AI-related products were a highlight, as revenue from these products grew triple digits for the fifth consecutive quarter and captured an increasingly growing chunk of the public cloud.