To The Moon

For investors looking to play China growth story and Alibaba recovery, $Alibaba(09988)$listed in Hong Kong a better alternative for risk mitigation compared to $Alibaba(BABA)$listed on NYSE, given the heightened tensions between US and China.

China may concede to certain requests by SEC, I doubt she will allow her Chinese companies traded in US to open their books fully for audit to the extent that SEC demands.

However, if a delisting does becomes imminent, I doubt $Alibaba(09988)$stock price will be spared too, as it is almost certain to tumble under the immense selling pressure from its overseas listing.

In fact, though I hold some $Alibaba(09988)$shares, I would refrain from adding more, until there is clarity that the regulatory clampdown on Chinese tech industry has come to a final end and the Chinese government is taking concrete actions to bolster growth resumption of the tech sector.

Hopefully, with its economy waning, the government will turn its attention to supporting its local tech industry, rather than stifling its growth.

Charlie Munger is unfazed by the downfall inAlibaba share price; many share his conviction as well, and I hope the conviction will not be misplaced.

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