Core Insights - Jack Ma has injected three powerful energies into Alibaba: entrepreneurial spirit, reduced policy sensitivity, and the ability to seize opportunity windows [1][3]. Group 1: Stock Performance - Since February, Alibaba's stock price has nearly doubled, with a significant surge of almost 40% following the recent quarterly report [2]. - Despite the stock price being only half of its historical peak, there is potential for recovery and even surpassing previous highs if the right path is followed and morale is restored [6]. Group 2: Impact of Jack Ma's Return - Jack Ma's return has revitalized Alibaba's ability to capture opportunities, with cloud services becoming a growth engine and local services directly competing with Meituan [5]. - The company is now approaching breakeven in its overseas business and is actively engaging in the AI sector [5]. Group 3: Opportunities in the Market - Alibaba has the potential to capitalize on four major opportunities in the Chinese internet and technology sectors: internationalization, new technologies including AI and fintech, globalization of the supply chain, and the transition of local services from infrastructure and user expansion to user value realization [3][4].