11-18-2021, 02:16 PM
Added BABA as well
Revs are growing at 29% and PE of 15. The problem isn't BABA. The problem is China. This will all get straightened out in the end. In meantime BABA is investing in other growth areas like cloud which grew 33% this quarter.
I laugh at the people in this board that chase those high flyers but have a chance to buy a bargain here in BABA. Todays buy will look very good in a year!
“Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers,” Zhang added. “We are on track to achieve our longer-term target of serving two billion consumers globally.”
Revs are growing at 29% and PE of 15. The problem isn't BABA. The problem is China. This will all get straightened out in the end. In meantime BABA is investing in other growth areas like cloud which grew 33% this quarter.
I laugh at the people in this board that chase those high flyers but have a chance to buy a bargain here in BABA. Todays buy will look very good in a year!
“Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers,” Zhang added. “We are on track to achieve our longer-term target of serving two billion consumers globally.”