The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g
Alibaba plans to set up a version of its TaobaoDeals app that can operate on rival $Tencent$ 's WeChat socialnetwork in a concession to Chinese regulators cracking down on tech company overreach.Tencent will have to approve of the app before it appears on WeChat, which has more than one billion users and already offers online payment and ride-sharing services.Alibaba and Tencent are both in the crosshairs of Chinese regulators due to the former's ties to Jack Ma and his Ant Group fintech and the