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OverviewAPI
Alibaba's stock has experienced a 65% decline since early 2021, underperforming the S&P 500. Despite a 9% revenue growth in Q2 FY'24, the company's earnings exceeded expectations. Alibaba's market value has fallen to about half of Tencent's, with a market capitalization of $201 billion compared to Tencent's $391 billion. The company's value divergence is attributed to regulatory and macroeconomic issues, including a crackdown on Alibaba's affiliate Ant Group Co. and a fine of $1 billion.

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