I checked that Alibaba's dynamic P/E ratio and forward P/E ratio are almost the lowest among the top 20 technology stocks in the world. In fact, its business is slowly reversing the decline of the past two years: the independent state of each business line in the past two years has returned to "ONEALIBABA" this year, integrating its Taobao e-commerce (such as Taobao, Tmall) and local life services (such as Ele.me) and other resources to form a unified and coordinated business system. The recent flash sale day orders exceeded 80 million, which also shows the effect of synergy. Looking at the performance in recent quarters, the cloud business is stable, the AI layout is in place (invested in most domestic AI companies), and the self-developed Tongyi Qianwen also performed well. The repurchase this year is very strong. In fact, it is very important that Mr. Ma returns, which has great political significance. Ant International is about to go public, and the overall listing of Ant is also expected to be on the agenda in the future. More importantly, Jiang Fan's position as the prince of Alibaba is truly secure: he led Taobao's successful mobile transformation and live broadcasting strategy, and was transferred to Alibaba's international business due to personal problems. In just two or three years, he built up Alibaba's international business. Now he has returned to the core of Alibaba and controls Taobao and ONE ALIBABA. He is the number one position in Alibaba's actual business. He is a ruthless person. It is crucial for a large enterprise to have a very young future commander who has made great achievements and has a first-class strategic vision and means. https://t.co/SnFzvBNvun