Group 1 - Alibaba's stock price has been under pressure, with a single-day decline of 3.15% and a cumulative drop of 4.23% over the past three days, raising investor concerns amid increased volatility in other Chinese stocks [1] - The Nasdaq Golden Dragon China Index's decline has exacerbated market pessimism, while Wall Street is wary of the potential economic impact of a federal government shutdown, increasing overall market uncertainty [1] - Alibaba faces intensified competition in the domestic market, particularly in the e-commerce sector, where rivals are employing various innovative and pricing strategies to capture more market share [1] Group 2 - The company is undergoing internal restructuring to enhance operational efficiency and responsiveness in a complex market environment, but investor sentiment remains cautious regarding the short-term benefits of this restructuring [1] - External macroeconomic factors, including the Federal Reserve's monetary policy and fluctuations in the US dollar, significantly impact Alibaba's stock price and international capital flows [2] - Geopolitical uncertainties and changes in US-China relations may also affect Alibaba's international business expansion [2]