If you haven`t sold BABA here, when i warned you about the additional American depositary share registration in the U.S. that was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake. Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake.
Then you should know that Alibaba had the Lowest Growth on Record. Sales rose 9.7% in Q4, below the 40%-plus growth that was common. consumer spending slows and competition intensifies. Net income tumbled 74% to $3.2 billion.
And probably Softbank sells an important stake in it. I`m curious what is Charlie Munger`s conviction buy opinion on BABA now.
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