I am feeling cautiously optimistic about Alibabas recent 6% jump this week, especially with Taobao leading the app download charts in 16 countries. The companys forward P/E ratio of 10.32 suggests it is still undervalued, which makes me think there is room for growth. However, the ongoing trade war has me a bit concerned about the broader outlook for Chinese companies, as geopolitical tensions could impact market stability and investor confidence.

When it comes to choosing between Alibaba on the U.S. market or in Hong Kong, I would lean toward the Hong Kong market. The Hong Kong listing might offer better exposure to Asian investors and potentially less regulatory scrutiny compared to the U.S., where Chinese stocks have faced delisting risks in the past. Additionally, I think the Hong Kong market could be more aligned with Alibabas core operations in the region, giving me a bit more confidence in its long-term performance there.

As for whether Alibaba can return to $130 amid this rebound, I think it is possible but not guaranteed. The low valuation and recent momentum are promising, but the trade war and global economic uncertainties could pose challenges. I will be keeping a close eye on market trends and any shifts in U.S.-China relations before making a final call, but I am hopeful Alibaba can climb higher if the conditions remain favorable.

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