No. of Recommendations: 5
Alibaba is an enormous Chinese company somewhat comparable to Amazon, though their primary business is providing an e-commerce marketplace instead of selling items directly. They have a sprawling business structure that includes domestic and international e-commerce of many varieties, cloud computing, logistics, and they own sizable amount of Chinese online payment behemoth Ant Financial, which was spun off from Alibaba in a controversial move by former Chairman Jack Ma some years ago, which some claim robbed existing Alibaba shareholders of substantial value.
Shrewdom's architect and host Manlobbi has posted fairly extensively in the past about BABA on the Motley Fool boards, believing them at the time to offer extremely good value.
I bought BABA after Charlie Munger, of Berkshire-Hathaway fame, purchased a large stake of BABA for the Daily Journal. I had followed the company casually before that, and then did my own due diligence before buying. My investment is way underwater at the moment, but I still hold on because I believe in the company's strength and positioning, though I do have my worries about being invested in a Chinese company, so I don't make it a very big holding.
Looking forward to reading my fellow Shrewd investors' comments on this interesting stock!
