Alibaba shares drop 9% as investors consider Chinese options

AlibabaShares in the Alibaba Group – the Chinese e-commerce site that was the subject of the world’s largest ever IPO last September – have fallen by 9% over the past month, according to China Daily, as investors react to the overall volatility of the Chinese stock markets. Its shares are now trading on the the New York Stock Exchange at $76.21, the lowest level since it came to market.
At least one analyst thinks it is time to start buying up Chinese stocks while price remain low. “Investors from China should seize the opportunity that has developed because of the volatility in the markets of China…[by  buying] shares of Chinese companies listed in the US”,  the founder and manager of the Boston-based Heng Ren Investments Peter Heylsvort said this week. “I think that international and Chinese investors should take advantage of the situation.”