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Singles Day

Article Index

How to Play Alibaba Stock Now After Singles' Day

By , Associate Editor, Money Morning • @KyleAndersonMM -

Alibaba stock

Alibaba stock was up as much as 3.5% to $119.07 Wednesday, one day after the biggest shopping day in history.

Nov. 11 was "Singles' Day" in China, and more than $9.3 billion was spent over Alibaba Group Holding Ltd.'s (NYSE: BABA) network of sites. In just 24 hours, Alibaba processed more than 278 million orders.

That's more than was spent in the entire U.S. last Thanksgiving, Black Friday, and Cyber Monday combined.

Here's the best way to play Alibaba stock now that the historic holiday is over...

BABA Stock: Today's Alibaba Sales Are the Most Important of the Year

By , Associate Editor, Money Morning • @KyleAndersonMM -

BABA stock

It's Singles' Day in China and customers are celebrating early - which is huge for Alibaba stock.

In fact, more than $1 billion was spent over Alibaba Group Holding Ltd.'s (NYSE: BABA) network of sites during the first 17 minutes of the day.

To Americans the holiday means nothing. But to those investing in Alibaba stock, it's the biggest day of the year.

Here's exactly what Singles' Day means for Alibaba stock, and how to play BABA long term...