$Alibaba(BABA)$  after going through the webcast, judging from available info without analyzing further the statements, this quarter is a confirmation that Baba is no longer growing it's most profitable core segment that has been the growth + cash cow. Digital commerce supposedly grew ~16% & Baba grew 1.4% (GMV not reported) while JD grew 5.1%. Baba will grow & fall together with it's merchants however it seems like merchants were undercut by PDD & Shared with JD Kuaishou & Bytedance. Moving forward, Baba will have to depend on growth from yet to be profitable business, eg. AIDC, CLOUD AI. however both business is an ant compare to their core e-commerce rev & profit margins. Also not profitable yet. Unless they d

$BABA-W(09988)$  With a +9% G from CMR portion of TTT & +11% G from Cloud business along with margin expansion, you can say Baba is back to being a rare profitable growth company. Current management has successfully draw up a rough roadmap to further growth with their strategic positioning in the AI Cloud infrastructure segment. Often neglected were the humongous +32% G from AIDC (now 2nd largest business within Baba group). Finally, board & management efforts paid off bringing to reality a turnaround. This should go down in business books as one of the most brilliant turnaround in history. Jack is right. Cheers.

$Alibaba(BABA)$  Base on this Share Repurchase Update (Oct 2nd), it's pretty clear that management has repurchased 353 mln ADRs (for a whoppin...USD 27.6Billion!!?) corresponds to 13.66% outstanding shares on a non-dilutive count since Dec'22 quarter which coincides with 2 years duration since start of share repurchase program. Simple calculation would tell you that, your stake in the company would've grown in aggregate 15.82% over the past 2 years. Taking the USD 4B in dividends issued this year, total shareholder returns would total USD31.6B.  If you held the shares on June 13th at closing price USD75.68/share, a USD1.66/share dividend equates to 2.19%. Therefore, Baba has returned 18.01% to her loyal shareholder over the pas

$Alibaba(BABA)$  Despite the recent massive rally, $BABA remains incredibly cheap… 9.17% NTM FCF yield & >USD$68B in cash/ cash equivalent nett of debt. Management'll likely continue to delever/recapitalize via divestment of non-core assets. With animal spirits back, they can now look at spinning off non-core BU as well... In aggregate, it should revalue the entire issue up several multiples inorganic/organically. Cheers 🥂

$CHINA EDU GROUP(00839)$ with substantial financing denominated in USD, fed interest rate lowering would be a major driver to it's bottom line. business like universities & vocational schools has traditionally wins favor from the central gov. A combination of long term revenue visibility & lowering financing cost will allow company to repair it's balance sheet significantly & return value to investor via high dividends. 

$Alibaba(BABA)$  $BABA-W(09988)$  After much deliberation going through the latest earnings release, I'd say I'm unimpressed by the latest result despite much marketing effort from industry third party sources including independent analyst. Much of the investments into Quick Commerce generated nett revenues growth of +6x% yoy (this is on the small base of Eleme) but at the expense of EBITA down by -7x% yoy (on the huge base of entire core China commerce group). Base on rough assumption, it would be roughly a 4:1 ratio in terms of expense to nett revenue gained. The only redemptions are from Management's verbal assuages that seems to imply higher new customer retention & synergy to

During the COVID market boom in the latter half of 2020, META announces massive investment into metaverse touted as the next frontier / form in social media platform while spending like there's no tomorrow. Instead of testing it on a microscale with discipline capital injection while assessing market willingness to pay for it, they went in big. Rightfully, they got punished by clear-minded investors/shareholders. Today we know that shareholders were right. Alibaba foray into cloud industry has been nothing short of spectacular. It was fast & furious with heavy resources & manpower investment & strong execution. In no time, it catches up with global top LLM company eg. OpenAI. Currently, Qwen 3.0 ranks #4 among global open & close - sourced LLM models right behind OpenA