Chinese market need more relax environment from Government, there are example of Chinese stocks are delisted from US market, if i buy BABA, make sure not in US market. The drawn back for myself is fear of new rule from Chinese gov

From Google :

Chinese companies will face a delisting deadline in 2024 according to the Holding Foreign Companies Act of 2020. Assuming that all US listed companies based in China and Hong Kong will delist, the United States will lose a small fraction of their $2.4 trillion of market capitalization.

Delisting won't impact Alibaba's business; the company will still operate the same regardless of where its shares trade.

While Alibaba dominates ecommerce and cloud computing services in China, Amazon dominates those industries in most other growing markets around the world. JD.com is one of Alibaba's primary domestic competitors in the ecommerce space.

POV : I feel the bull for BABA, the mountain is over, time to create again. If got delisted from US sure the stock price dip, but as longas business can grow, more share buybacks, good for investor! dont hope the higher mountain because many local competitors too