Long

Why accumulate Alibaba shares ?

Par dchua1969

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Amazon may be well known and widely used in many parts of the world but not in China.

I believe Alibaba investment into Cloud is to push Amazon out of the cloud market in China and also gives its next closest competitor, Tencent a run of their money.

There are still ample room upstairs for those who want to long this counter.

Note

nice gap up, it moves about 3% last night. congrats to those who followed.

Note

cnbc.com/2020/05/19/china-techs-alibaba-xiaomi-to-benefit-as-hong-kong-changes-hang-seng-rules.html

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scmp.com/tech/policy/article/3085362/china-has-new-us14-trillion-plan-seize-worlds-tech-crown-us?utm_medium=email&utm_source=mailchimp&utm_campaign=enlz-tech_wrap&utm_content=20200521&MCUID=732c411089&MCCampaignID=2a9b136991&MCAccountID=3775521f5f542047246d9c827&tc=1

Note

watch tonight closing price if it will breaks down from the bullish trend line or reverse.

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shine.cn/news/nation/2011189998/

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bloomberg.com/news/articles/2021-01-14/u-s-is-said-to-decide-against-investing-ban-on-alibaba-tencent?srnd=premium-asia

Note

added more on HK side

dchua1969

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