China’s largest ecommerce group has been one of the worst performing stocks in the region in recent years. But up until its 2020 peak, there were long stretches where Alibaba stock delivered handsomely for its shareholders. Alibaba’s 2014 listing in the US meant that mainland Chinese investors — those most familiar with the company’s business — have had to miss out on those stellar returns. Now, they may just turn out to be Alibaba’s last hope of stopping the slide in the stock price.
近年來，中國最大的電商集團阿里巴巴(Alibaba)一直是本地區表現最差的股票之一。但在2020年達到峰值之前，阿里巴巴的股票曾有很長一段時間為股東帶來豐厚回報。2014年，阿里巴巴在美國上市，這意味著中國內地投資者——那些最熟悉該公司業務的人——不得不錯過那些令人矚目的回報。現在，這些人可能成為阿里巴巴阻止股價下跌的最后希望。
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