Alibaba is one of the largest companies in the world, one of amazons biggest competitors, now amzn profit margins are nearly 15x this company but don't look away, this thing is huge and just this year alone nearly doubled even with covid 19 slowing it down, baba also has a 33% minority share holding in something huge and about to release its , Alipay chinas big payment processor worth a staggering 150 billion in private funded money, by far the largest in history, the only way for us americans to get on board with this is through alibabas minority holding or through a company called renaissance international eft, both excellent long positions going into next year. looking for baba to split soon 8-1 hopefully.
Alibaba is on a torrential right now, id like to say it would slow down long enough to find a position but I doubt that will be soon, amazon didn't slow down for anyone either so get in and hodl
ill be doing a few more non crypto TA on my robinhood holdings, if you find what I do here enlightening drop a like a comment and a follow, this motivates me more then anything, after all I just want everyone to eat and succeed with me!
if you would like to donate to help keep my head above board and releasing more content like this my btc address is