Alibaba Is Betting Big And It Strengthens The Bull Case [Seeking Alpha]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Alibaba Is Betting Big And It Strengthens The Bull CaseSep. 29, 2022 5:38 PM ETAlibaba Group Holding Limited (BABA)1 CommentPinxter Analytics4.35K Follower sSummaryAndrew BurtonI wrote about Alibaba's (NYSE:Sincethen, just a few days ago, the company announced that it was investing $1 billion over the next 3 years to financially and operationally incentivize companies all across their cloud platform. This means that the hotly contested market of cloud based computing and businesses has a bigger place in Alibaba's future as we await the e-commerce platform to recover alongside the People's Republic of 's overall economy.This investment, I believe, is setting the stage, along with their international expansion, for the company to significantly expand their customer base and grow the usage of the existing companies they have and will propel them to growth in the longer run, further justifying a higher share price.A $1 Billion InvestmentOn Septemb
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