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Mobius Likes Alibaba and Gold Amid the Global Market Meltdown

Bloomberg business news
WATCH: Mark Mobius shares his strategy for emerging-market and U.S. stocks, oil and gold.(Source: Bloomberg)

It’s a good time to look at buying Alibaba Group Holding Ltd. shares as Softbank Group Corp. reportedly prepares to sell some of its holdings, according to veteran emerging-market investor Mark Mobius.

The Chinese e-commerce giant, which has American depositary receipts listed on the New York Stock Exchange, is a prime example of a firm expanding its global presence, Mobius said.