The macro weakness in China, increased competitive activity, and COVID-led disruptions have weighed on the financial performance of internet giant Alibaba (NYSE: BABA). The company's growth decelerated sequentially over the past several quarters.  Given the challenges, Alibaba stock has dropped nearly 54% from its 52-week high. While the slowdown in growth dragged its share price lower, regulatory headwinds further contributed to its decline.  What’s Next? Though BABA stock has decreased substantially, COVID-led uncertainty and the economic slowdown could restrict the recovery in the short term. However, favorable government policies and easing COVID restrictions could reaccelerate growth.  During last quarter’s conference call, Alibaba’s CEO, Daniel Zhang, indicated supportive government policies.
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