SFTBY - Alibaba: Antitrust Conclusion Proved Naysayers Wrong

• Economic data releases for China reaffirmed the recovery is on track, leading the forecast of China's GDP based on PPP to jump above a one-fifth share of the world.
• The massive block trade of Tencent shares brought Mainland bargain hunters out in force, supported by several less obvious positive outcomes from the stake reduction by Prosus.
• Tencent's savvy investment acumen continues to be validated with each successive IPO of its private holdings.
• At the risk of being labeled a Panglossian, I highlight several positives from the release of the penalty decision document on Alibaba's antitrust investigation.
• Evidence kept mounting to refute unwarranted and exaggerated claims of persecution by the authorities of Alibaba founder, Jack Ma.

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