The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Alibaba

Capital · available

~$44B liquid (cash+STI ¥316.9B Mar-2026), down ~45% in two years into the buildout; market cap ~$269B is a side-label

med confidence · as of 2026-07-28 · about Alibaba

Sourced figures 3


the working

Threads 1

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Alibaba.