$Alibaba(BABA)$ on the recent news. The Jack Ma stock sale plan isn't worrying because the sale might cause a increase in supply of traded stocks in the market, thereby depressing prices of the stock. Rather, it is what it signals that is worrying. I say so because this signals a dawn of a new era for $Alibaba(BABA)$ , whereby Jack Ma intends to take a step back in the company he had founded, and relinquish more control and authority of the company to his successors. By selling his shares in the company, he is essentially selling away the control associated with owning these shares.

As the face of $Alibaba(BABA)$ since it's inception, this departure sure is worrying, as the company is now left to weather a season of high interest rates and reduced consumer spending, coupled with an increase in competition from the likes of $Sea Ltd(SE)$ shopee and Bytedance TikTok shop. Poor Single's Day sales also serve to compound BABA's woes, stumbling $Alibaba(BABA)$ march towards regaining shareholders trust.

Interesting and notable developments would include that of the shelving of BABA's plan for it's cloud business spinoff, citing "uncertainties" in the US chip export controls. This comes just before the Biden-Xi meet, which saw positive developments in both military and trade relations. Although these talks may be beneficial to the entire chip export control problem, it is still too early to tell what response might BABA have towards this latest development.

In conclusion, as a shareholder of BABA, I am disappointed by the events that has transpired. However, it is important to realise that BABA is indeed one of the biggest players in the Asian e-commerce market, and that does count for something, especially since this stock downturn is rather consistent industry wide. I have no doubt that BABA would pull through, and stage a comeback with a turn of the macroeconomic tide.

@TigerStars  @TigerWire  @MillionaireTiger  @Tiger_comments  @Tiger_Academy