Don't be carried away by a typo. If you have my level of English in any other language, You wouldn't become a loser buying BABA.
Not really. Unlike BABA, Baidu was listed long before it reaches the peak of business. And they had never been able to get the publicity of BABA with all the media hike.
When you buy a company's stock, you better know it's owner's history and test company's product service yourself. This is the old man's wisdom. Ask Warren Buffet or Peter Lynch for it. I had repeatedly tell everone here to sell this stock, not because I hold any short position of this stock, but I am a user of Alibaba and Taobao, so I know how lousy both of them are. As a Chinese who immigrated to US and importing merchant from China, I have number of suppliers been contacted by Alibaba for listing their products on the website, with crazy amount of fee. Some of the companies bought their idea and did pay the fee (mostly happened in last 10 years). But they also #$%$ off the annual renew fee does not bring new customer to cover the cost. So many of them started to drop off. There are only so many of export companies in China and Alibaba probably had contacted them all, so Ma know that Alibaba is at the peak of it's market position. he deliberately de-listed his company in Hong Kong stock exchange, manufactured a sophisticated VIE structure (HK stock exchange does not allow it), then come to US for listing. As for taobao, I had purchased 12 items from it while I was in China, 3 of them comes fake and 5 others are in bad quality. There is almost no check and balance in Taobao, their created a system makes buyer so frustration so you give up the claim. It is obvious that government is on their neck to push for better control. In fact, the Chinese congress is in it's session now, and they are proposing the law aimed at e-commerce. Being the largest e-commerce company in China, BABA will eat it's pill soon.
If you have not heard anything about Jack Ma's personal story, I suggest you ask any senior employee in Yahoo, they will tell you how Jack Ma banked on Yahoo's investment and rip them off in investment return.
It is reported that during the Chinese new year, Total number of "red envelope" hand out from Tencent is 10 Billion while BABA recorded a 2.5 Billion. This means BABA is losing it's foot hold on electronic payment front to Tencent in a big way.
Whoever trust Jack Horse = loser. I am laughing at those who trying to pump BABA stocks here in Yahoo. Better work hard to recover your lose. I told u jack horse sells fakes and low quality products, how can you trust him.