Please look how ๐ช๐ฃ๐๐๐ง๐ซ๐๐ก๐ช๐๐ BABA (Alibaba) is:
Alibaba in 2019 ๐๐๐ซ๐๐ฃ๐ช๐: ๐ฏ๐ฏ๐ณ๐ฝ (Yuan) ๐๐๐๐ง๐ ๐๐ง๐๐๐: ๐ญ๐ต๐ฌ USD
Alibaba in 2020 ๐๐๐ซ๐๐ฃ๐ช๐: ๐ฑ๐ญ๐ฌ๐ฝ (Yuan) ๐๐๐๐ง๐ ๐๐ง๐๐๐: ๐ฏ๐ฎ๐ฌ USD
Alibaba in 2021 ๐๐๐ซ๐๐ฃ๐ช๐: ๐ณ๐ณ๐ณ๐ฝ (Yuan) ๐๐๐๐ง๐ ๐๐ง๐๐๐: ๐ญ57 USD
๐๐๐ ๐ฅ๐ง๐๐๐ ๐ข๐๐๐๐ฉ ๐๐๐ซ๐ ๐๐๐๐ฃ ๐ ๐๐๐ฉ ๐ค๐ซ๐๐ง๐ซ๐๐ก๐ช๐๐ ๐๐ช๐ฉ.. The core e-commerce and cloud business of 9988.HK (Alibaba Group Holding Ltd (Hong Kong)) (Alibaba Group Holding Ltd (Hong Kong)) has been growing nicely.
๐๐ค๐ฌ ๐ฌ๐๐ก๐ก ๐๐จ ๐ผ๐ก๐๐๐๐๐ ๐๐ค๐๐ฃ๐ ๐๐๐ฉ๐ช๐๐ก๐ก๐ฎ? The company also has paid a huge fine that caused the company to post Q1 21 loss. However, the company is still expected to have more net income this year despite the fine!
The company BABA offered shares buybacks and is heavily invested in overseas companies that are growing rapidly (such as Lazada in Phillippines and Indonesia).
The price always found its way to come back to the fundamentals.