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Alibaba: Betting on the Yuan

Alibaba: Betting on the Yuan

Alibaba: Betting on the YuanThis is especially true when dealing with a Chinese company like Alibaba Group Holding (NASDAQ:BABA), which is due to report earnings on August 23 before the U.S. market opens. The on-again, off-again trade war with China has been driving Alibaba stock, as China has slowly lowered the value of the yuan against the dollar. Source: Shutterstock The Chinese currency was at 6.27 to the dollar in April. The fall of the yuan has made Alibaba stock a relative bargain.

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