r/baba
Alibaba selloff overdone?
Author thinks the BABA and Chinese tech selloff is overdone, seeing current AI-driven valuations as a juicy buying opportunity.
- Significant technical developments and innovation in the Chinese tech sector.
- Future global reliance on AI and evolving tech ecosystems benefits these companies.
- Current valuations after the recent selloff present a juicy buying opportunity.
Do you guys really think this is justified? Think of all the technical developments and innovation that has taken place in the Chinese tech sector. You can include the related companies; Bidu, byd, bytedance, tencent…
When you think of what all of these businesses have become in relation to the way the world is heading, which I think will be heavily reliant on AI and a further evolving technological ecosystem. I think these current valuations after the recent selloff are a juicy buying opportunity. To each their own. Not everyone can stomach the obvious risks. I have bought more in the past few weeks and am excited to ride it out! Who else is with me?