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“For investors, an error of omission with Alibaba stock would be worrying about the short-term and missing the stock’s long-term potential,”Money Morning’s Executive Editor Bill Patalon said.
Money Morning experts are extremely bullish on BABA stock now. In fact, Money Morning ‘s Defense and Tech Specialist Michael Robinson recently said Alibaba ”could be the single-greatest wealth opportunity of our lifetime.”
Here are the five biggest reasons to buy Alibaba stock today…
Reasons to Buy Alibaba Stock No. 1: Chinese E-Commerce Growth
Alibaba is China’s largest e-commerce company. In 2014, Alibaba’s network of sites handled roughly 80% of all online transactions in the country.
In 2013, online shopping in China was a $298 billion industry. That surpassed the United States as the largest e-commerce market in the world.
And the market is growing at an incredible rate.
New research from AT Kearny estimates Chinese e-commerce will total $718 billion by 2017.
“Alibaba is gaining traction in its home market in China just
as that country’s people are truly joining the Internet revolution,” Robinson said. “And the development of easy-to-use mobile commerce is giving Alibaba a strong tailwind.”
A recent study by the China Internet Network Information Center (CNNIC) determined the number of Internet users in the country will hit 800 million by 2016 or sooner.
Reasons to Buy Alibaba Stock No. 2: Mobile Growth
Alibaba has invested heavily in its mobile development.
In February, it spent $590 million on a minority stake in the Chinese smartphone maker Meizu. Before that, Alibaba spent $1.9 billion on the mobile web developer UCWeb. It also dropped $215 million for a minority stake in the messaging app Tango.
Those purchases have been paying off.
Last quarter, Alibaba reported 265 million mobile monthly active users. That was a yearly increase of 95%. Gross merchandise volume (GMV) from mobile platforms increased 213%.
Those numbers should continue to grow this quarter and for the next several years. Because more and more consumers are switching to mobile.
According to the research firm Gartner, mobile payment transactions will grow by 35% annually through 2017. The global market for mobile payments will reach $721 billion by the end of 2017.
This next reason to buy Alibaba stock will be reflected in this week’s BABA earnings report…