At its peak, the market value on the Nasdaq Stock Exchange in the United States was about 860 billion US dollars, and the market value on the Hong Kong Stock Exchange was more than 6 trillion Hong Kong dollars. The highest share price of Alibaba Group Limited occurred on October 31, 2020, when the US stock price exceeded 319 US dollars per share, and the Hong Kong stock price reached 309 Hong Kong dollars per share. However, Alibaba has been on a downward trend since then, and it has been falling for the whole year of 2021. It was not until the end of May 2022 that the stock price fell to its historical lowest value and then stopped falling and started to rebound.