Alibaba

[Choon]

Yes. Investing in Alibaba does mean that you need to put faith in the Chinese government long term to continue growing, engaging with, and gaining the trust of the international community.

This is why I'm bullish, but my allocation is low. My trust in China in the mid-term is lower than Charlie Munger, and is at the lowest point it has ever been.

(vested)

I think the two most important considerations for investing in Alibaba are:

1) Whether China will continue to prosper and grow in a stable manner. And I thought Xi had been a blessing to China in this regard.

2) Whether Alibaba will continue to be relevant and useful to customers and communities. A concept simple in its articulation but can easily be missed in implementation. Chinese tend to do things to the extreme and I am worried if Tmall/Taobao is festering a culture of excessive consumption and overspending beyond one's means.

To do well in an investment in Alibaba, I think one has to take a very long-term approach. And in the very long-term, above 2 I think would be the most important considerations.