Anyone else looking at BABA as a long term investment? Share price has dropped 50% in the last year, PE is about 18, half of what it has been recently and half of other e-commerce companies.
It has had recent issues with the government, but looks like investors have reacted to that. They have already had their ‘telling off’ by the Chinese government.
The usual argument for me is China’s middle class is looking to grow, so should be increased revenue for them over the next 5-10 years.