---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40324020.md"
description: "Personally, I think the main reason for the decline is still due to the excessive number of Hong Kong stock IPOs this year. The company's transformation in recent years is evident to all, whether in terms of business layout or shareholder dividend payouts, share buybacks, and cancellations. Moreover, compared to heavyweight Hong Kong tech stocks like Tencent and Xiaomi, Alibaba's decline this year is still relatively small. I believe, as Alibaba's senior management said in this year's earnings call, that AI business and cloud annual revenue will reach over $100 billion within five years. I am very confident in Alibaba; doubling at the current price is not a dream."
datetime: "2026-04-30T13:10:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40324020.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40324020.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40324020.md)
author: "[SH_CR7](https://longbridge.com/en/profiles/13636924.md)"
---

# Personally, I think the main reason for the declin…


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