Why ALIBABA could become one of the 40 thieves

Like many, I have recently extended my position in $BABA (Alibaba) , to take advantage of what I believe is FUD (fear, uncertainty and doubt), which has been widely and indiscriminately thrown on the Asian markets in recent months. At the same time I am not ignoring the risks associated with such investments. @Etypsyno has put together a very compelling set of points to consider, and I strongly advise any and all investors to read these before looking to capitalise on the apparent 'Great Chinese sell-off'; etoro.tw/3tKKKKY

Today there was a very interesting article from Julian Lin (Seeking alpha) which adds another dimension to the argument. And that is the ongoing issue of BABA's balance sheet. For those without a subscription, the article says:

? ?????? ??????????? [in BABA] ??? ????????? ??? ??????: ???? ?? ????? ????????. ???? ???????? ????????? ???? ?? ??? ?????????? ??? ????? ??????? ??????? ???? $?? ??????? ?? $?? ???????. ???? ??? ??????????? $?.? ??????? ?? ????? ???? ???? - ??? ?? ??? ????????? ???? ???? $?? ??????? ?? ???-???? ??? ?????? ???? ????. ????? ???? ?? ??? ???????? ???? ????? ???? ???? ?? ???? ????????? ??????????? ???? ????? ????? ?? ?????? ?? ?? ? ???? ??? ?? ???????, ???? ??? ???? ?????? ???????? ????. ???? ??? ???? ???? ?????, ???? ??? ????? ???? $??.? ??????? ?? $??.? ???????. ??? ??? ???? ?????? ???? ???? ??????????? ???? ??? ???? ???? ?????? ???? ??? ????????? ? ?????????? ??????? ???? $??? ??????? ?? ????????? ???? ???? ?? ??? ???? ???? ?????, ??? ??? ??????????? ???? ???? $? ??????? ?? ????? ??????? ?? ???? ????’? ???????????.

? ???? ?????????? ???? ????? ????? ??? ??? ????? ???? ???? ?????: ??? ????? ???? ????? ???? ???????? ???? ????? ?? ? ?????? ??? ?? ??????? ???? ???????????? ??? ?????, ????? ??? ???? ???????????? ??????????? ??? ??? ??????? ???? ?? ??? ???? ???? ?????? ???? ????????? ???? ??????? ?????????? ?????????? ???/?? ??????????? ????????????. ??? ???, ? ??? ??????? ???????: ?? ??? ???? ????? ???????? ?? ??? ??????? ?????, ?? ????? ???? ???? ??? ??????? ?????????? ????? ???? ???? ???? ????????????? ??? ?????? $??.? ??????? “??????????” ????? ???? ????? ?? ??? ? ?????????. ???? ?? ??????? ????, ???? ??????? ????? ?? ??? ????????????, ??? ??? ????? ???? ??? ???????? ???? ??? ???????????? ?????? ???? ?????? ?? ??? ??????? ???? ????? ???? ?? ?? ??? ????? ?? ???????????? ?????? ??????? ????????? ?? ???????? ????? ???????????. ? ????? ??? ??? ???????? ??? ?????? ???? ?? ? ????????? ????? ????, ??? ? ???????? ?? ????? ????????? ??? ????? ?? ? ????-???? ?????????? ??? ?? ??? ?????????? ????.

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