Hmm, would I reconsider my stance on Chinese Alibaba $BABA?
Alibaba's CEO announced today that he is currently focusing on expanding the business in Europe. The words were even used as a top priority in connection with Europe.
"Going forward, we're going to focus more on building local businesses, so you'll see something called TMall, which we have in China, which means we'll serve local brands and local customers in local markets," said J. Michael Evans at a technology conference in Paris.
Thoughts on Alibaba?
It's a great place and a great company, but I have an aversion to the place and there's no train going through it...
Good news, but it's still China... I just can't get over it.
Great news and let's see if they don't get the boot.
Well, that's very good news. I've already left the China market too, but if they're expanding elsewhere, those could be nice numbers. And maybe they'll stay above $100 or more, where they definitely belong.
Only good for the company and the shareholders, it will increase diversification as well as revenue, good deal.
I think they've already started in Spain. However, it is very good news if they go to other countries.