Thanks for all the great info.
BABA fell from 200 to as low as 130 recently.
it’s now at about 150.
I figured it was a buy at 140 but with the Trade issues going on, maybe it tumbles one or two more times.
Either way, i think it’s a long term winner, like you say.
That one day 30 billion number is utterly astounding.
It’s a staggering number indeed. But it includes a lot of industrial and B2B commercial purchases too - not just consumer goods. I don’t know if I’ve ever ordered anything off the site but have requested and received samples of items I could use in my business. And as far as that goes, the quality was the same or better than items I was sourcing from US suppliers (who, like I said, sometimes are just middle men for Chinese producers anyway).