I think the coronavirus statistics justify the Alibaba Holdings Inc. (NYSE: BABA) bulls. However, the same statistics cast doubt on the bull case for American stocks.
Interestingly, Alibaba’s income numbers are similar to Amazon’s. On 30 June 2019, Stockrow gives Amazon a quarterly net of $2.625 billion and an operating income of $3.084 billion. Hence, Alibaba’s income was slightly larger than Amazon’s income.