$Alibaba(09988)$Baba got Lazada, Ali Cloud, cainiao, Ant financial...
All these can be IPO in future when the market recover... Once they IPO, they will not be using up much cash from Baba and Baba EPS may raise... So maybe it is a good buy now... Moreover the forward PE now is so low... Around 10...
Just my 2 cents
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