To The Moon

$Alibaba(09988)$The increase in share buyback is a good boost of confidence, which follows after the recent CCP statement to support the markets. Now, the next possible catalyst is closure on the Ant issue. As it seems that pessimism are all baked into the price, any slight good news may be all we need. IPO for Ant no longer seems viable and we may see it being partially nationalize especially with rumors of Tencent pay being considered by regulators for folding into another holding company. Rumors of massive job cuts at Alibaba & Tencent also signals increased focus on profitability by axing away excess manpower in their former optimistic growth model and exploratory (loss-making) divisions. Lastly, the announcement by Alibaba to venture into Agriculture some time back could see renewed focus. Countries worldwide are rethinking of their policies on self-substanability as the trade wars and the Ukraine-Russia war continues. CCP may further support that venture (though imo the venture is likely to have been "advised" by CCP initially). The previously announced donation to the common prosperity drive could be used for this and generate a positive feedback loop to Alibaba. Imo, I don't see a massive spike in share price in the short term, but the long term prospect remains bullish at current price.