$Alibaba(09988)$ valuation and the price doesnt tally Its so cheap but of cos there is a reason why is cheap But stock usually trade according to its fair value Hopefully the big boys will buy and push the value up
China, hong kong is having a hard time. Financial wise its very tough time. Alibaba able to see some growth its quite amazing. It have to push through this tough time and once everything is performing, its time for alibaba to shine. And who knows how long, depends on how china will help boost economy. Alibaba is facing fierce competitions, it need to up their game and competite. Hope they still have their moat in this area and persst and growth