Core Viewpoint - The Chinese tech stocks, particularly Alibaba, are showing strong potential for growth after a long period of consolidation, suggesting a new upward trend in the market [2][10]. Market Performance - Chinese tech stocks are beginning to break out of significant base formations, indicating they are starting their upward journey after a bear market that followed the 2020 peak [2][3]. - The performance of Chinese tech stocks is currently comparable to that of U.S. tech stocks, with both showing strong relative performance [3][4]. Investment Sentiment - There is a prevailing skepticism regarding the investability of Chinese stocks, which has been a concern for the past couple of years. However, this skepticism may shift as stocks begin to perform well [4][7]. - The narrative that China is uninvestable emerged when stock prices were low, and there is a risk that this narrative could change as stocks rise, leading to increased interest from investors [7][8]. Future Projections - There is an expectation that Alibaba's stock could potentially double within the next 18 months, indicating a significant upward movement is anticipated [9][10]. - The analysis suggests that the current market conditions are just the beginning of a substantial upward trend for Chinese tech stocks, with the potential to challenge previous highs [10][11].