@BABA @JD @PDD. Alibaba's business outlook for the next 2 to 3 years appears positive, but there are some challenges that the company will need to address in order to maintain its growth trajectory. One challenge is the increasing competition in the Chinese e-commerce market. Alibaba faces stiff competition from other e-commerce giants such as JD.com and Pinduoduo. In order to stay ahead of the competition, Alibaba will need to continue to innovate and offer new and differentiated services to its customers. Another challenge for Alibaba is the slowing growth of the Chinese economy. The Chinese economy is growing at a slower pace than it has in the past, and this is impacting consumer spending. In order to mitigate the impact of the economic slowdown, Alibaba will need to foc