Baba possible inflection point?

Are we maximum FUD yet?
Baba has become sort of a meme at this point with it's never ending dips..
However It's important to ask yourself how likely is it that china completely sinks this company?
Are we really at such a risk that it should be traded at levels seen in 2019?

I personally feel comfortable nibbling at this point..

"Right now, Alibaba is trading for a price-cash-flow ratio of 17, while competitors like Tencent, Facebook or Microsoft are trading for a P/FCF ratio between 35 and 40. It is striking that the market is assigning these competitors a multiple twice as high and Amazon is actually trading for a multiple more than 4 times higher (price-free-cash-flow ratio of 76)." -Daniel Schönberger (Jun 1st 2021)
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