Up 5.8% on Monday and down 6% on Tuesday on solid revenue and a slight miss on earnings. The $1.66 dividend reaffirms their commitment to return cash to shareholders. Management is allocating capital to growing areas like logistics and international cloud and e-commerce while the domestic economy is still soft. The Chinese consumer is weak but they still printed 7% top line growth. So that growth will only increase as Chinese consumption recovers. No debt and 60+ Billion in cash gives BABA an extremely cheap valuation all things considered for a growing market leading tech conglomerate.
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