12 Comments
Jan 12, 2021Liked by Packy McCormick

great research, however, i think there’s no way to correctly assess the risk of the CCP even if this discount looks nice.

Twilio deep dive soon?

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Jan 11, 2021Liked by Packy McCormick

Thanks for a great article Packy. For an alternate, highly critical view of Alibaba, see the numerous articles at http://www.deepthroatipo.com/

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Jan 16, 2021Liked by Packy McCormick

Wow didn't realize Ali cloud had such strong market leadership in China. If that's the case, Ali cloud itself will be worth $$$ - we got to recognize SaaS in China is still nascent and most corporations are not on the cloud yet.

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Jan 16, 2021Liked by Packy McCormick

he is right in the center with christmas hat , googly specs, orange t shirt, blue jeans, smiling ..check my profile image

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This was really informative. Thank you so much

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Jan 12, 2021Liked by Packy McCormick

That Article is really great. Thank you for your work, much appreciated!

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Jan 12, 2021Liked by Packy McCormick

A masterpiece Packy. Thank you, even though I know most of the history of Alibaba and Jack Ma, this felt so new and fresh.

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Jan 12, 2021Liked by Packy McCormick

Great write-up. This article from Tech Buzz China does a good job of further explaining Ant and it's extreme leverage.

https://www.techbuzzchina.com/newsletter/signup/extra-buzz-19-ant-group-the-biggest-ipo-that-wasnt?fbclid=IwAR3T9V0ThoGj3W-vS3e-TCZJ1wpyKXJkmBZoUXLYeMBIpBcaMy1COgw2Qbs

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Rehash of investor presentation.

No dive into the bizarre accounting (too big too fail surely...), why a company with $60bn cash on hand needs to raide debt (!!!).

Talking about Pinduoduo, a company resting on thin air...

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