The big tech rally this year went beyond America as the value of Asian companies like Alibaba (NYSE:BABA) leaped tremendously. Alibaba stock price jumped 24% in July and generated some juicy returns for investors this past year.Source: BigTunaOnline / Shutterstock.com China-based Alibaba has the ability to grow at an unprecedented rate due to its large customer base in the U.S and abroad. That gives the company a competitive edge over its U.S-based peers and is one of the many reasons for increasing tensions between the two nations.Fueled by the coronavirus pandemic, Alibaba's strong market position has enabled the company to weather the economic turbulence with ease. This stock remains a great name to buy in any investing environment.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alibaba Stock Rides the E-Commerce SurgeThe pandemic has greatly boosted the results of companies in the e-commerce industry and Alibaba, which controls nearly two-thirds...
