
YUNJI Diamond Holder
Rate Of Return$BABA-W(09988.HK) is no longer just an e-commerce name the market is increasingly pricing it as a technology platform pivoting into AI and cloud infrastructure, while grappling with slowing consumer demand and lofty valuation expectations. Growth in cloud and AI offers a long-term narrative, but near-term risks include regulatory headwinds and the challenge of justifying premium multiples if core retail momentum fades
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