➀ Alibaba successfully completed a three-year regulatory overhaul, ending a challenging period following an antitrust fine in 2021. ➁ The State Administration for Market Regulation (SAMR) confirmed Alibaba's compliance and stopped the 'choose one of two' practice. ➂ The conclusion of the investigation is positive for Alibaba, though it still faces challenges such as sluggish growth and intense competition in China's e-commerce sector.