My takeaway on $BABA Earning Reports Competition is actually hurting Alibaba's revenue growth. Whether they are losing to competition or it's because of macro headwind due to slow domestic consumption growth can be concluded after Pinduoduo's earning. Cloud growth is slow compared to its peers. The end of the 2 Choose 1 Policy is hurting Alibaba's revenue growth as well. The company's international commerce continues to perform well with a 33% YOY growth rate. The guidance provides by the company is poor. I am bullish on Alibaba previously, but these earnings really reduced my level of confidence of the company. Do you agree with his takeaway? You can share your idea below this analysis: