Alibaba Profits Surge as China's Recovery Continues

The transcript discusses the CEO's expectations for growth following China's reopening, highlighting merchants' eagerness to resume business. It details Alibaba's earnings recovery, driven by cost-cutting measures, including significant layoffs. The focus remains on profitability over expansion. Alibaba's market cap has rebounded significantly since October, although it still lags behind Tencent. Despite a rough month, Alibaba's shares have risen substantially from their October low, though they remain down over the past year.

What is the focus of Alibaba's strategy as mentioned in the text?

What was the percentage increase in Alibaba's shares from October to the present?