---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42229793.md"
description: "$BABA-W(09988.HK) Holding Xiaomi in the left hand and Ali in the right, even the enemies from past lives would be at peace seeing this.Can't understand it. Xiaomi fell because of a sharp increase in costs for consumer electronics, the phase-out of new energy subsidies for passenger vehicles, and no signs of commercial viability in AI yet. Alibaba has chips when it needs chips, models when it needs models, a platform when it needs a platform, and even a huge amount of free cash flow to subsidize the food delivery war."
datetime: "2026-06-26T06:42:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42229793.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42229793.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42229793.md)
author: "[今晚打老虎Zzz](https://longbridge.com/en/profiles/20884121.md)"
---

# $BABA-W(09988.HK) Holding Xiaomi in the left hand …


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## Comments (3)

- **7716884 · 2026-06-26T06:49:25.000Z**: Bought Alibaba at 98, and it's been like this for the past two days since I bought it, not even a single bounce.
- **7716884 · 2026-06-26T06:47:51.000Z · 👍 1**: I bought Xiaomi at 12 yuan, it later fell to 8 yuan, and I sold it when it rose to 15 yuan.
- **500 个退休 · 2026-06-26T06:44:55.000Z**: There's a problem with the corporate culture. What were they thinking when they started the food delivery war? This is all cause and effect. They actively fought during good times, and now when the bad times come, everything will come back to bite them.