Alibaba's (NYSE: BABA) stock is up more than 20% this year as China relaxed the zero-COVID restrictions that were throttling its economic growth. Is it too late to buy Alibaba right now, or does it still have more room to run this year?

Alibaba's stock closed at its all-time high of $317.14 on Oct. 27, 2020. At the time, many investors considered it to be a solid long-term investment because it was China's largest e-commerce and cloud platform company.

But two years later, Alibaba's stock dropped below its IPO price of $68. That collapse was caused by a painful streak of regulatory, macroeconomic, and competitive challenges.

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Source Fool.com