I figured it out a month ago and invested heavily in Alibaba. Today, the market finally confirmed my judgment.
Alibaba only started its subsidy war with Meituan after its profits surged in the second quarter. Even smarter, they waited until Meituan and JD.com were almost even before reaping the benefits. The second-quarter financial report showed a 90% drop in Meituan's profits. July and August were the most intense period of competition. Now, the market share is 50-50. Breaking Meituan's moat will be the most exciting.
Alibaba's market capitalization increased 50-fold in 10 years. This time, we truly see the return of that powerful Alibaba. By integrating the advantages of the Alibaba ecosystem, they're dominating the market. I doubt it will underperform ETH's market capitalization (currently $500 billion). Let's wait and see. I suspect it won't take more than six months at most.
#ETH #BTC
{spot}(ETHUSDT)