I said it before . Just like in Russia , in China you not going to build anything as huge as BABA without government directly involved in your business. BABA is a retirement fund for all Chinese Commies.
As long as Ma plays his game right Chinese gov. will patronise and protect their investment.
It continues to grow as long as they are the ones offering lowest prices. I will never prefer Amazon to any other online outlet just on the name alone. I shop for the lowest price, "customer experience" that AMZN tries to talk-up is smoke up investors #$%$. Give me the lowest price online! If it is not offered by AMZN then it is history. If AMZN continues to gain share by selling at a loss then investors must take a pause.