Billionaire Ken Fisher’s Top Stock Picks Heading Into 2019

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5. Alibaba Group Holding Limited (NYSE:BABA)

– Shares Owned by Fisher Asset Management (as of September 30): 11.01 million
– Value of Fisher Asset Management’s Holding (as of September 30):
$1.81 billion

Alibaba Group Holding Limited (NYSE:BABA) ranks as Fisher Investments’ favorite Chinese stock, as the investment firm has built a $1.81 billion position in it since the second quarter of 2015, aided by the purchase of another 40,761 shares in Q3. Alibaba’s on-demand online services division is now valued at $30 billion according to Reuters sources. Ele.me, which was combined with Koubei to form the new unit, had over 167 million customers between the middle of 2017 and the middle of 2018.

Follow Alibaba Group Holding Limited (NYSE:BABA)

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