After the Ant Group IPO cancellation caused Alibaba (BABA) price to drop for the last two months of last year, the price is apparently recovering this month to the levels where it was before Ant Group announced its plans to float on Shanghai and Hong Kong stock exchanges.
Price is recovering despite the Chinese government probe into Alibaba over alleged anti-competition practices.
Personally I don't think is in China's best interest to kill the goose that lays the golden eggs, so probably this year we'll see some regulation without major impact on Alibaba's business model.
This is all speculation based on news and reports I've been reading for the past month.
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Ant Group reportedly plans to transform into a financial holding company overseen by China's central bank: