The main reason why Alibaba Group's market value continues to decline is that Alibaba Group's development strategy has caused the entire enterprise's market reputation to decline.

In the past few years of development, Alibaba Group's development strategy has indeed been criticized.

The first is Alibaba's so-called "choose one of two" policy. This policy was denied by the Chinese government just after it was implemented, and Alibaba Group was fined 18.2 billion yuan for it. After this incident, Alibaba Group wanted to enter the community group buying market and take a share of the vegetable basket plan. The consequence was the decline of Alibaba's market reputation.

Then Jack Ma wanted to act as an agent for Ant Group to go public, but this listing was ruthlessly rejected by Chinese policies. Many market investors have seen Alibaba more and more clearly, and Alibaba's market value has begun to dive.

The estimated market value of the entire enterprise has fallen from $800 billion at its peak to only $200 billion today.

Of course, these factors are not all. The more important reason is that Alibaba has reached a growth ceiling, which Jack Ma had already predicted.