This post is kind of triggered by B’s blog post. There is an robust discussion over there. Some of the ideas throw out also appear in valuebuddies.
I would just like to share my view on some of the thoughts and comments. I am only interested in the forward looking comments, that’s where the fun comes in; as for past numbers, there can be little arguments.
Here goes: (B, no disrespect, come join and poke me too)
1) Grab business model is unsustainable.
MHO:Yes, it is burning cash. But it can burn cash long enough to create a lot of pain to Comfort-Delgro.
Alibaba, burn cash for a long period of time. But Japan SoftBank dump billions and billions. Amazon laughed at it, since they don’t collect fees for its platform and hence its “burning cash”. We all know how the battle at China goes.
Alibaba’s Gem …