Just my opinion and I might be wrong:

I don’t put much stock in those sessions. I watch what the countries are doing. These political meetings are inevitable as both states must present themselves as willing to de-escalate. It’s statecraft. But China is setting out on a clear grand strategy which puts it at complete odds with US grand strategy. These meetings are meant to delay the inevitable and buy time imho. For both sides.

Side note: OP your post history concerns me. You may want to slow down, trim your BABA position, go to cash with it, not take on any more debt here, and fill your time with something else for a bit. Something that gives you joy! Not financial advice… life advice!

All in BABA is not wise. This is a macro secular bear market, China US relations are bad and getting worse, and, as has been pointed out many times to OP, this is an ADR and you might find yourself without recourse in an event where the CCP decides US shareholders are not entitled to their shares at face value. For any reason.

There are so many ways to play a bullish re-opening narrative. This is not the strongest way by a mile.