On the first question I think BABA has an immense lead in cloud in China
Ant, I don’t have any question about BABA the company doing well. But I wonder how well the stockholders will do. Alibaba is the very same company which so screwed Yahoo. As I remember (though I may be off), Yahoo owned 40% of the stock, but the CEO of Alibaba gave himself the most promising division as a gift from the company, without even telling Yahoo in advance, in spite of Yahoo’s large ownership stake. If he could do it to a 40% owner, he can do it to you. Just my opinion, and it may be exaggerated. Remember though that MF closed MF Global Gains after most of the Chinese companies it recommended turned out to be frauds and just run to enrich the founders and management. (11 of 13 that I took little positions in turned out to be crooked, and collapsed. Those are tough odds to beat.)
Saul