SaxoTV

#SinglesDay - Can Alibaba deliver what investors want?

474 views
It's been over a year since Alibaba launched on the New York Stock Exchange, at the time it was billed as the world's largest IPO, and investors raced to buy into not just a Chinese tech miracle but also to get their hands on a slice of the China growth story itself.

Since the shares went public, the price has steadily fallen. A negative cover page article by the financial magazine Barron's, published to coincide with the first anniversary of the IPO, was scathing; predicting a further 50% fall in the stock.   

Saxo Bank's Head of Equity Strategy Peter Garnry talks us through the Alibaba story so far and gives us his take on the firm's fortunes. Will Alibaba manage to deliver on the expectations so many investors shared at the time of the IPO and will the online retail giant prove it can still bring in the billions on Singles Day this year?