Alibaba stock price today is steady at $74.92, with buy-side interest reportedly strong in ETF allocations tracking Chinese mega-cap internet companies. Moving average convergence indicates positive momentum. This past week, Cathie Wood's Ark Innovation ETF (ARKK) initiated a new position in Alibaba, with an initial purchase of around $11 million (roughly 63,000 shares), sparking investor interest in the name. Other Chinese stocks were also added in the company's most recent filings (Ark reports trades daily). Alibaba trades at about 22 times estimated forward earnings in Hong Kong, double its three-year average but still below its 2020 high of 29 times. Importantly, its valuation is also cheaper than U.S. tech peers like Amazon (AMZN) and Microsoft (MSFT) . âI donât think anyone will be calling Alibabaâs valuation egregious anytime soon,â said Richard Clode of Janus Henderson, adding that this helps global investors re-enter the name. Alibaba stock price today reaches $75.12, supported by upgrades in mobile payments growth forecasts. This lends credibility to diversification strategies beyond core marketplace operations.