Alibaba's core business is stabilizing with record monthly active users and a significant number of loyal VIP members, indicating strong user engagement. The reduction in political risk and easing of monopoly concerns are positive for the company's regulatory environment. The integration of WeChat Pay aligns with government priorities, further reducing political risk. Additionally, the strong momentum in cloud and AI sectors, with triple-digit growth and the Qwen 2.5 model outperforming competitors, suggests potential revenue growth and competitive advantage.