It seems like all the China stocks are being undervalued due to political risk right now and uncertainty of regulations. I don't see how splitting the company changes this risk. This also doesn't change delisting fears. Also I think it's going to force a lot of sales if it IPOs on hong Kong stock exchange rather than NYSE.

I guess only time will tell but I'm glad I don't own baba right now even it had a burst up in the short term. I want stocks for the long term.