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Amazon may be well known and widely used in many parts of the world but not in China.
I believe Alibaba investment into Cloud is to push Amazon out of the cloud market in China and also gives its next closest competitor, Tencent a run of their money.
There are still ample room upstairs for those who want to long this counter.
Amazon may be well known and widely used in many parts of the world but not in China.
I believe Alibaba investment into Cloud is to push Amazon out of the cloud market in China and also gives its next closest competitor, Tencent a run of their money.
There are still ample room upstairs for those who want to long this counter.
註釋
nice gap up, it moves about 3% last night. congrats to those who followed.註釋
watch tonight closing price if it will breaks down from the bullish trend line or reverse.註釋
added more on HK side
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