So, Alibaba missed its earnings and profits ?
It's one day revenue on Singles day already raked in US$84.54 billion compared to its 31.4 billion revenue for the quarter. Combine Black Friday and Cyber Monday, Amazon's sales pale in comparison with Alibaba. Not forgetting, it's cloud computing business is growing leaps and bounds, 33% to be exact YOY to 20 billion revenue. Yes, it is true that Alibaba cloud business is still within its domestic market and is still far behind Amazon's over 30% global dominance in the cloud space. The 2nd biggest global player is Microsoft so looks like Alibaba has lots of catch up to do in this space.
Yes, the Central government moves is hard to predict and nobody knows for certain if this current price has hit the bottom. But as long term investors, we buy into the growth story of the company and not let short term fluctuations affect us too much.
Here, we understand clearly that Amazon has admitted defeat to Alibaba and other local players in the e-commerce space in China. Think Ebay, Walmart.... the fate is all the same (can you see the pattern). Just because they do well in US or Europe, it does not mean they can thrive or survive in China. They have not done extensive research to understand the Chinese buyers.
E-commerce is 2 dimensional as they said and live commerce which has taken the retail scene to a whole new level in China is raking in explosive sales. Read this article .
So, I will be adding more shares here with this 11% discount from Mr Market. Remember, Mr Market is irrational and can remain so for a long time. Just look at the crypto market and you will know.
It's one day revenue on Singles day already raked in US$84.54 billion compared to its 31.4 billion revenue for the quarter. Combine Black Friday and Cyber Monday, Amazon's sales pale in comparison with Alibaba. Not forgetting, it's cloud computing business is growing leaps and bounds, 33% to be exact YOY to 20 billion revenue. Yes, it is true that Alibaba cloud business is still within its domestic market and is still far behind Amazon's over 30% global dominance in the cloud space. The 2nd biggest global player is Microsoft so looks like Alibaba has lots of catch up to do in this space.
Yes, the Central government moves is hard to predict and nobody knows for certain if this current price has hit the bottom. But as long term investors, we buy into the growth story of the company and not let short term fluctuations affect us too much.
Here, we understand clearly that Amazon has admitted defeat to Alibaba and other local players in the e-commerce space in China. Think Ebay, Walmart.... the fate is all the same (can you see the pattern). Just because they do well in US or Europe, it does not mean they can thrive or survive in China. They have not done extensive research to understand the Chinese buyers.
E-commerce is 2 dimensional as they said and live commerce which has taken the retail scene to a whole new level in China is raking in explosive sales. Read this article .
So, I will be adding more shares here with this 11% discount from Mr Market. Remember, Mr Market is irrational and can remain so for a long time. Just look at the crypto market and you will know.