Alibaba Has Doubled — Why I’m Cautious

Deep Dive #2

Alibaba Group Holding Limited (BABA) is up more than 100% since I first wrote that it was undervalued.

First, sentiment among investors has improved, and it has changed from “uninvestable” to “investable.”

However, I see some risks and wanted to share them at the current valuation. The price we pay always determines the return, and the risk we take.