Subject: Re: Alibaba Reorganization
-Thoughts on valuation multiple post spin off for ecommerce? (Ebay low PE?)
-How about the loss making divisions?
-When they were all together there was certainly more hope and growth potential factored in,
-Cloud has been disappointing and was identified as the main future growth engine.
-Then there's also the CCP discount.
-Interesting video released recently by Pabrai where he's second guessing his Prosus investment on the back of Gov actions.