This debate is getting tiring. Virtually anyone agrees that BABA numbers are great and were this a US company, the stock would fly up. But it is a Chinese company, and so all the rant about regulation, VIE, delisting and CCP meddling. Refer to evergrande's BK: $EGRNF, China Evergrande Group / H1 All valid points in principle. But please, pick your personal required risk premium and act accordingly. For me, personally, I would not touch BABA if US growth stocks had normal valuations. But they don't. So make your pick between CCP regulation land China and FED fantasy land USA. Personally, I don't think that buying an overhyped US growth stock with P/E over 50 or in the hundreds provides a better risk/return profile than BABA. $BABA, Alibaba Group Holding Limited / H1 Notes from user