I think the main reason alibaba got beat down was because it was moving from "tech" into finance offering unregulated loans and jack ma criticizing regulators did not help at all.
And alibaba was not "deep tech", more like derivative tech. It's just a ecommerce site. It takes a lot of technical expertise to operate that at a large scale for sure, but at the end of the day, it's not the kind of fundamental tech free from sanctions that the chinese government wanted to pivot its tech industry to.
As someone with severe Asian flush, with an overactive ADH gene (gene that converts of alcohol to acetaldehyde) and 2 defective ALDH2 alleles (gene that breaks down acetaldehyde into harmless byproducts), I wish there is a way to repair these genes using MRNA. I don't feel even the mildest buzz from alcohol but I instantly get a hangover when I drink.
Slow adoption of firearms by the Chinese was less to do with the crossbow than the fact that the Manchus occupied China during a period when firearms was coming of age. The Manchus famously despised gunpowder weapons in favor of the bow and arrow which they held in extremely high regard. After all it was the bow that in part helped them defeat the disintegrating Ming empire which invested heavily in gunpowder weapons like cannons.
In their early years of Western expansion, the firearms units was always staffed by the Han Chinese and were of low status.
And alibaba was not "deep tech", more like derivative tech. It's just a ecommerce site. It takes a lot of technical expertise to operate that at a large scale for sure, but at the end of the day, it's not the kind of fundamental tech free from sanctions that the chinese government wanted to pivot its tech industry to.