This article started when I was browsing the investment community and saw this question. As a long-term investor in Ali, I tried to answer this question:
Investing in the internet refreshes your perception faster than brushing through a plate.At the beginning, the basic market of Alibaba e-commerce was stable; in the end, the entire network marketing required Taobao transactions to close the loop. The river surface was large and wide; later, Pinduoduo appeared, and Douyin e-commerce interests also appeared. Many people said that the Taoxi moat was gone. Everyone used the term moat so arbitrarily that I had a huge question --The moat that disappeared at the touch of a finger, is it still a moat? Isn't that a hand cream?
So I'd like to talk about Ali's basic market (e-commerce + cloud+ rookie), what is the current status (since I'm a long-term shareholder, I can spoiler it first; it's very stable). Maybe not everyone has noticed a few changes, so much so that I think Taoxie+Alibaba Cloud+Cainiao have actually all had the potential to rebound. I'm here to help you wrestle.
1.
The first is the potential power of the core e-commerce business of Taobao.
Traditional potential energy —
1. The so-called consumer mentality is essentially an excellent customer base and high stickiness. (The following data will support it.)
2. For anchors and merchants, Taosha has the highest commercial efficiency. Taobao and Tmall are the main location for merchants, not only sales channels. (There will be data to support it below.)
 
Emerging potential energy —
1. Cainiao makes efforts to enhance services. Improve logistics supply chain capabilities. For example, the delivery speed of Double Eleven this year is very fast, and the service experience has improved significantly; Tmall and Cainiao will build high quality in the next 3 years...