What is the valuation of Alibaba?

Can you elaborate on the valuation of Alibaba and how it's determined? Is it based solely on market capitalization, or are there other factors at play? How does Alibaba's valuation compare to other major tech companies in the market? And what are some potential factors that could impact its valuation in the future? Understanding the nuances of Alibaba's valuation is crucial for investors and market analysts alike.