$Alibaba(BABA)$ Cloud business which was a big part of BABA's price run up four years ago has turned into a dog. Losing market share and declining margins. Tough to see that turning around any time soon if ever. Retail business has lost ground to more nimble competitors especially with younger buyers which are the future. BABA can only financial engineer to a certain point. Savvy institutional investors look past that and focus on the core businesses. They clearly don't like what they see.Will be interesting to see if BABA can hold a 3rd day up in both HK and US.Worst company giving false hopes to stock holders time over time again and again. Pathetic.

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