$BABA-W(09988)$ 📈 BABA Position Update – +1.44M HKD Unrealized P&L 📈 Entry: 97.94 HKD Current Price: 161.50 HKD P&L (Long): +1,443,163.44 HKD Alibaba (09988.HK) has been a tough hold in recent years, with regulatory pressure, slowing China consumption, and global skepticism weighing heavily on valuation. But the fundamentals are slowly turning: • 🛒 E-commerce & Cloud: Stabilization in core commerce and signs of cloud recovery. • 💰 Valuation Gap: Still trading at a significant discount compared to US tech peers. • 🔄 Restructuring & Buybacks: Ongoing restructuring could unlock shareholder value, while buybacks continue to support the share price. • 📊 Macro Tailwinds: Policy easing in China + potential Fed pivot in the ne