No. of Recommendations: 2
I agree, it does not make a big difference if the cloud division is spun off or not. More important, it does not grow.
I don't know what made Mr. Market selling BABA today, perhaps it is the perception that a growth stock should not pay a dividend? It can be seen as an admission that there is not much future growth left (apart from the international unit, which seems to do great).
However, BABA looks very cheap. Don't forget the 1/3 share of ANT, which is probably worth 25bn$.
