ALIBABA shares are shining again as analysts call a “strong buy” on the Chinese e-commerce giant that has been sidelined since 2020 after its founder Jack Ma fell foul of Chinese President Xi Jinping.

Since the start of the year, the company’s shares have risen more than 30 per cent to around US$120. Compared to last October, the price has doubled. 

Alibaba, which is often referred to as the “Amazon of China” and seen as a proxy to China is enjoying a “strong buy” consensus rating based on 16 resounding “buy” calls.