Why I am accumulating this stock ? 9988To the many institutional and retail investors out of China, Alibaba is a well known made in China brand. Jack Ma is often seen giving speech in the western countries in the past and so naturally , retail investors are familiar with this company.
I spoke about stickability before and brand recall is important when time is of essence. Like now, when all the rage in town now is talking about buying China stocks. Naturally, BAT (Baidu, Alibaba and Tencent) , three giant techs of China will be highly sought after much like the magnificent seven in US.
Please DYODD