[sgbuffett]

Alibaba may not be undervalued online sales unpredictable

Alibaba is so big it js hard to  grow and there is perpetual competition.

Like major US tech firm Amazon, the growth vane from Amazon Cloud not Amazon e commerce. This remains the single best growth area for Alibaba but because slowdown in Chuna economy demand for cloud services is slow. But if what happen elsewhere is anything to go by the trend for businesses towards cloud based solutions has tremendous potential.

International sales growth can compensate for domestic slowdown so the ecommerce should be stable.

JD probably as a better hold on the market given its model. The CapEx is lower which means the cash buildup is faster.