This is an attempt to talk up the market using old news...first chapter, protests by Chinese against zero Covid approach; 2nd Chapter a few weeks ago, Chinese Govt relaxing 'internal controls' and nothing heard about relaxing border controls; 3rd Chapter which is ongoing... relaxation of internal controls coupled with weak vaccination results in rampant increase in COVID infection nationwide and we're still waiting for the fallout from that.  Don't see how we can read from this that China is opening up let alone that Alibaba going to profit from that... let's not forget Alibaba is not the favoured child of Chinese Govt anymore...

All things said, most of us will agree that Alibaba remains a structurally sound company with high long term growth potential. Nevertheless we cannot assume that there's no further significant downside in its prices as so long as China refuses to change its unsound COVID-19 policy and open its economy again, the shares of Alibaba will continue to gravitate downwards. We must also not forget that even if China opens up again, it will still take time for the Chinese consumer to recover their buying power which has been dealt an almost death blow by the lengthy closure of China, leading to increased poverty as businesses and workers struggle to survive.

Buffet says to buy when others fear...but now everyone's feeling optimistic even though much is still not clear. Would suggest going into market with caution with an exit plan to allow a more orderly retreat if things turn southwards suddenly.