Investment Thesis on Alibaba - The investor initiated a position in Alibaba, citing confidence that concerns around the delisting of Variable Interest Entities (VIEs) are alleviated [1][2] - The investor acknowledges the risk of geopolitical tensions, specifically regarding Taiwan, but is willing to assume this risk due to Alibaba's leading position in cloud and AI [2] - The investor believes Alibaba's stock is reasonably priced and expects it to increase in value, China-related issues aside [4] AI and Cloud Computing - Alibaba is considered a leading company in cloud and AI [2] - China is aggressively pursuing AI opportunities, with Alibaba expected to be a winner, potentially benefiting from government funding [6] Market Sentiment and Trends - There's a shift in market sentiment towards investing in Asian, particularly Chinese, stocks [7] - Chinese stocks are up approximately 30% year-to-date [7] - Focusing on individual stories like Alibaba is preferred over broad investments like Kweb [8] - If Alibaba fails, Kweb is unlikely to succeed [9] Business Fundamentals - The concerns about the structure for US investors have nothing to do with the fundamentals of the business, which are strong [5]