Alibaba - Munger's BIGGEST mistake! Is it yours as well?

It was also around that period when Charlie Munger expressed that Alibaba was his biggest mistake.

Was he right to admit so?

Topline for Baba was flattish YoY, both from Q3'22 vs Q3'21 and 9M‘22 vs 9M'21.

Some key findings that might make investors skeptical include shrinkage in China commerce, which is down by 1% YoY.

Under International Commerce, where Alibaba consolidates Lazada, AliExpress, Trendyol, Daraz, and Alibaba.com, Q3'22 revenue shows an impressive 26% growth. Total 9M'22 adjusted EBITA loss decreased from RMB 6.4 billion to RMB 3.3 billion.

Cainiao, Alibaba's logistic arm, posted accelerated growth in topline for Q3'22 vs Q3'21. EBITA margin also slowly moves toward profitability

Once seen as a great pivot, Alibaba's cloud's latest meager growth of just 3% is startling. While other cloud companies continue to grow at mid-20 % YoY, a 3% YoY growth is definitely underperforming.

I would say that these results are mixed, what do you think?

Is it time to invest in Alibaba or stay away?

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