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OverviewAPI
Alibaba's stock has experienced a significant decline, with a 65% drop since early 2021, underperforming broader tech indices. The company's Q2 FY'24 results showed mixed performance, with revenue growing by 9% but earnings exceeding expectations. Alibaba also canceled its plans to spin off its cloud unit due to U.S. restrictions. Despite positive investor sentiment, 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. Regulatory and macroeconomic issues, including a crackdown on Ant Group Co. and a fine of $1 billion, are contributing to the company's value divergence.

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