Bill Miller, a billionaire investor, said, "Now is the time to buy Alibaba cheaply.

Wall Street veteran investor Bill Miller diagnosed Alibaba, whose stock price plummeted, as "a low-priced purchase opportunity has come." 

According to CNBC on the 3rd, Alibaba is the cheapest big cap stock in the world, Miller said. "It is currently trading at its lowest level in five years." 

Miller was optimistic about growth, calling Alibaba a "global giant."



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