(23-07-2021, 10:51 PM)Choon Wrote: Imagine if >50% of Chinese hotel bookings, flight bookings are booked through Ali.
Actually, that may not be a good thing. That is sure to get clamped down by the Chinese government. The trick is be indispensable, profitable, yet not too big (ala Apple) so as not to be regulated like a monopoly/utility.
Ultimately, Alibaba's management is not dumb, and is carefully calibrating and carving out their own profitable niche. As Jack Ma said time and again, Alibaba is not striving to be a retail company, but a "Data company" (much like Google): https://medium.com/@TMTPOST/jack-ma-alib...45abdf6d9a
2c.
(vested, small)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger