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China's Alibaba Group is likely to exit India's Eternal in a block deal valued at 53.75 billion rupees ($613 million), CNBC-Awaaz reported on Wednesday, citing sources.

Growth stocks are a great tool for building wealth. While maintaining a long-term focus on a company's prospects is important, it's ideal to identify stocks that are undervalued or benefiting from a near-term catalyst that could lift their share prices in the near term.

The past three years have been fantastic for growth stocks. Names like Nvidia, Palantir Technologies, and Arista Networks haven't just led the way.

The stock market has shown incredible resiliency in 2025. After shaking off the trade wars and uncertainty for the economy, the S&P 500 is sitting close to new all-time highs.

Tech stocks aren't usually the first place to look for value, but that doesn't mean you can't find undervalued ones. Currently, several top-tier tech names are trading with forward price/earnings-to-growth (PEG) ratios under 1 -- something that typically indicates a stock is undervalued relative to its growth.

Chinese stocks in general and Alibaba (BABA -3.62%) in particular got off to scorching starts this year. Shares of the country's e-commerce pioneer were trading 75% higher in 2025 at its mid-March high.

Alibaba Group (BABA 2.65%), China's largest e-commerce and cloud infrastructure company, was once considered a great growth stock. From fiscal 2015 to fiscal 2022 (which ended in March 2022), its revenue and adjusted earnings per share (EPS) expanded at a compound annual growth rate (CAGR) of 41% and 21%, respectively.

New York Times columnist Thomas Friedman wrote in his 2005 best-selling book The World Is Flat that countries are more interconnected than ever before. His premise from 20 years ago is still on target.