---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38622042.md"
description: "It doesn't feel like the right time to open a position yet. The valuation has already priced in Alibaba's offensive. However, the erosion by Douyin might eventually lead to the loss of the in-store business, which is the major profit driver. The negative impact of this part hasn't been fully realized yet. Actually, Xiaoxiang is very good, but it's a very long-term play, and currently, it's not a good time to open a position either."
datetime: "2026-02-10T01:29:22.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38622042.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38622042.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38622042.md)
author: "[人送外号川渝美食家](https://longbridge.com/en/profiles/3434434.md)"
generator: "portal-rs"
---

# It doesn't feel like the right time to open a posi…


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**