Quote Originally Posted by 777 View Post
Marlin (MLN) have 8% of their fund an Alibaba at July end. Will be interesting to see what shows at August end.

This is from their website

What does it do?
Alibaba is the largest e-commerce player in China with an overall online shopping market share of over 70%.

Why do we own it?
Alibaba is the online marketplace leader in China and is over five times larger than its nearest competitor. It has sustainable competitive advantages through its extensive network and scale. Alibaba is also a major beneficiary of strong online shopping growth in China due to continued urbanisation, increasing incomes and a poor physical retail infrastructure in many Chinese cities. Alibaba is expected to grow in excess of 25% per annum over the next few years.
Excuse my offensive nature against fund managers. This is exactly the same rhetoric that these managed funds always say when they're on the long side of Alibaba. They make the same claims year after year how large the company is, what their profit growth is, and use fundamental figures that frankly speaking, could be lies for all we know. They make absolutely NO statement on how the company has been hit with a massive fine nor understand how the CCP can simply do it again to ensure there is no exceptional growth in Alibaba. Where else can a founder of a major corporation be simply 'silenced' (Jack Ma) by their gov't?

But don't take the view of these fund managers, let's talk about Alibaba's non-existent response of their PR / Investor's relation team? The CCP has scared the pants off on all these China tech companies that they can't even address the issue to their shareholders in any meaningful way. It's so clear the CCP has demonstrated and clearly defined, that when a company steps out of line, they get knocked down and shut-up.

Let me assure you, there will be no end to the powers of the CCP. No rock will be left unturned as they go from high tech, cyber security, social media sharing, cloud data, to regulations in online education, soon they will go after food, entertainment, automotive, the sky's the limit. All while if investors believe that they're going to get a decent return on their investment in China. Keep this in mind... if a China company is listed in the US exchange, the SEC at a stroke of using a pen can delist them off the exchange.

As Warren Buffet said, "Never bet against America"