China is a world on its own. Google sees the writing on the wall, enter China or become FB (talk about a has-been.) Google, FB etc need 20% quarter to quarter growth and Google has pretty much saturated the western world. So it is China...kiss the ring and all. Google is not going to lose market cap because of so called values. They're so 2005
Who needs 20% YoY growth? Plenty of big companies get big enough and don't keel over, and Google is already very profitable.
Google does. If not 20%, around that number....
Trailing P/E 38.67
Forward P/E 1 21.87
https://finance.yahoo.com/quote/GOOGL/key-statistics?p=GOOGL