Is Alibaba Stock Worth Buying at a 30% Discount?

China’s e-commerce giant Alibaba (NYSE:BABA) is down 30% over the last 12 months and has lost more than three-quarters of its value since the pandemic high in 2020. China’s slowing economy, rising competition and attempts at entering new verticals haven’t always worked out as expected. Alibaba stock could be in trouble.Trading at such discounted valuations, investors wonder whether now is a good time to scoop up Alibaba stock cheap or will they be catching a falling knife? Amid the gloom surrounding the onl ...