Alibaba Group (BABA), mcap=$235bn, price $87 vs $117

The thesis centers on the premise that the Chinese gov is not aiming to overregulate BABA out of existence, as its core businesses are in no way antithetical to the goals of the party. Chinese tech sell-off has essentially treated all tech the same whereas regulatory risk varies from company to company. Substantial earnings growth and multiple exp in the years ahead with BABA’s 55% share in online retail and 45% share in could computing.