A few positive things did happen for Alibaba. The removal of Daniel Zhang and being replaced by Joseph Tsai. So far, I like what Jospeh has done for the company, making it leaner and removing excess fats that are stalling its growth.
They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share price pretty stable at 70 price mark although the recent days has seen it gone to a low of 67.30.
Like Tencent, I am in no hurry to accumulate and keep myself updated with the news happening in the industry and the regulatory moves in China.
They have also started to declare dividends and shares purchase buyback, boosting investors confidence. We have seen the share price pretty stable at 70 price mark although the recent days has seen it gone to a low of 67.30.
Like Tencent, I am in no hurry to accumulate and keep myself updated with the news happening in the industry and the regulatory moves in China.