People usually confuse stock performance which in a bull bubble market could be overvalue with real performance.Xi's authoritarian autocracy has no place for private companies like Alibaba. Under Xi, Alibaba has had .
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I used Adrian Zenz math to demonstrate Alibaba's collapse.
Year Alibaba Revenue (millions) 2012 (last year of Hu Jintao) ¥853,062 2022 ¥20,025
Since Xi took power, Alibaba has experienced a -4159.99% decline in revenue. That's literally impossible, except in Xi's China.
This is genocide.
Remember the time the Zuck tried to create his own global reserve currency called Libre?metaverse is an utter failure.
That is just depressing -With the continuous antagonistic and confrontational behavior that Washington DC is exhibiting against China, not even the pandas gifted to the US by China in 2003 are spared...
When you thought that the Wanwanese frog "president" is totally unemphatic about the death of Tuan Tuan just weeks ago is bad enough, their bootlicking master is way worse.

While speculation continues over the fate of Taiwan’s semiconductor factories in the event of an invasion by Beijing, US Ambassador O’Brien emphasises the importance of denying China the chipmaking infrastructure.
Speaking at the Richard Nixon Foundation’s on 10 November, former US National Security Advisor Ambassador Robert O’Brien appeared to lend credence to reports the US will disable Taiwan’s semi-conductor chip manufacturing capabilities if China attempts to reunify the island with the mainland.
“If China takes Taiwan and takes those factories intact – which I don’t think we would ever allow – they have a monopoly over chips the way OPEC has a monopoly, or even more than the way OPEC has a monopoly over oil,” said O’Brien.
Scorched-earth strategy
The US Army War College Press published a paper in November 2021 recommending that the US make credible threats to destroy Taiwan Semiconductor Manufacturing Company (TSMC) facilities, eliminating the most important supplier of micro-processing chips to China and the World.
The paper by Jared McKinley and Peter Harris, Broken Nest: Deterring China from Invading Taiwan, became the most highly downloaded paper from the US Army War College of 2021, and suggested that the US lay plans in Taiwan for a targeted scorched-earth strategy that would render the island “not just unattractive if ever seized by force, but positively costly to maintain.”
Following months of speculation over possible US contingency planning, Bloomberg reported on 7 October that plans for worst case scenarios include evacuating Taiwan’s chip engineers, citing an unnamed US official as the source of the information.
IMHO: Essentially, US far-right ideologue O'Brien and other US neocon/neolib nutjobs suggest that the US should bomb TSMC facilities and kidnap its engineers before China can acquire them via reunification.