Yes, first of all, Taobao and Tmall have the largest consumer platform and merchant ecosystem in China, and their profitability remains very strong. Secondly, the new leadership team of Joseph Tsai and Eddie Wu has more clearly proposed two strategic focuses: "user-first and AI-driven," demonstrating their determination to return to the growth track.

In addition, from a technical perspective, Alibaba has established a significant long-term bottom structure, with a mid-term upward trend. The path to $160 is clear but full of resistance, and each step requires effective breakthroughs at key points and confirmation from trading volume.