Well, actually I bought the stock on the HK exchange directly rather than the ADR listed on the NYSE. I believe the main difference between the two is that the HK one represents actual share ownership while the ADR only represents a tracker.
It has been beaten up by the talks about China cracking down on big tech and US funds pulling out because of the fear. Strange but I think this sort of panic is the perfect opportunity to buy. Could be very wrong so I didn't bet the house.
Also attractive is how it is able to increase its revenue year on year although profits didn't increase by as much last year due to covid and investments.
Still, they're the Chinese Amazon and there's a long way for them to grow with the obvious regulatory risks to look out for but this is for the long term and I think they will get into more pies from cloud computing to delivery. Expect a lot of acquisitions.
