To The Moon

Just a temporary rebound for the stock markets imo, not just for Alibaba

The market has been depressed and on the down trend for months, investors are getting hungry for a rebound or reversal, so big names like Alibaba could be seen as a "safe" bet 

The war in Ukraine is still ongoing and doesn't look like it will end anytime soon, the cost of raw materials and oil are still on the rise

China is recently reported to be secretly buying oil from Russia and this may be bad if any trade sanctions are implemented on China as a result of that

Due to very strict covid policies, a handful of China cities are still under lockdown, and such lockdowns have a negative impact on the economy

My guess is that the bear market will probably continue until end of the year, stagflation at best if not bearish