Here's an update on Alibaba. Currently, it's difficult to quantitatively assess its cloud business. It may sound high - end to outsiders, but essentially it's a tough business, especially in China. It reminds me of large - scale manufacturing industries like Dell and Lenovo. It's important, but as long as the profit margin is a bit higher, others will come to compete for a share, and there's not much bargaining power. Despite this, qualitatively speaking, some shares were bought back at 4.2. It was purely from the perspective of odds. Today, I further reduced some of my positions. Currently, Alibaba is like a patient who hasn't fully recovered from a serious illness and already has to face multi - front battles. Well, I wish it good luck!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
