Identity and discuss the drivers of corporate value for Alibaba Group Holding Ltd (Hong Kong stock code: 9988). Use the market value added (MVA) approach to quantify the creation and/or destruction of value from 2^nd March 2020 to 11 September 2020?

https://www.bloomberg.com/quote/9988:HK

https://finance.yahoo.com/quote/9988.HK/guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAD72cyWYd7yxueEUeyHaBUovW-hxfihelQq8XWrWaUIvy159ujP3evE-_N1G85JaheQqv55OjWz5zyFlmQCJRunAgKN90qjAY8b81iDhDQ3WX-Crn5AAFdOVSxAuuqxJza671mZkH7h6ofxgIGe51COIti6g55wld0y51RGYXD9N

The analysis drivers of value should from the following aspects and assessthe impact of recent events on the firm's value.

1.Amount increased the amount of capital invested (Positive Spread units )

2.Actual rate of return on capital

3.Required rate of return

4.Planing horizon (for performance spread persistence)

5.Divest assets for negative spread units.