The past three years have been tough for (NYSE: BABA) and, by extension, its shareholders. While the stock of China's e-commerce and tech giant performed well during the early days of the COVID-19 pandemic, Beijing's regulatory crackdown on its various business segments, paired with lingering economic malaise, took a sizable toll.

Most economists aren't particularly optimistic about China's foreseeable future either and most of Alibaba's revenue comes from China. That's a big reason Alibaba shares remain down 75% from their late-2020 peak. The stock merely moved sideways since March of last year.

What if, however, China's economy is far healthier than the current narrative seems to suggest?

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Source Fool.com