IMO, BABA's share price are largely following fundamentals and analyst predictions. Other China company's that have increased growth and profitability have share appreciation, BYD and PDD for example. Once BABA shows unexpected growth in revenue and profits we will see a reversal in share price and an extra bump with the rerating of its PE. New management is likely acting as a M & A would, trimming fat, looking for the easiest growth which may be the catalyst. If these things occur, you will see big spikes after earnings. If they fail, it won't be good for shareholders.long term bullish!
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