When Alibaba was listed on New York Stock Exchange on 19 September 2014, the company raised more than Google, Facebook and Twitter combined. With an IPO price of $68, Alibaba's shares closed at $93.89 on the first trading day, an increase of 38%. However, the first two years since its public listing was indeed challenging for Alibaba, as investors and analysts revised downwards their high expectations. During this period, its shares even traded below the IPO price, with the lowest recorded on 28 September 2015 at $57.39. Since 24 January 2017, the company's share prices have traded above $100 and trending upwards until the present day. At its peak, the shares closed at $317. This means that a $1000 investment made at the closing price on 19 September 2014 would be worth about $3376.29 as of 27 October 2020, approximately 237.63 percent jump in value from the closing price of first trading day.

Why Alibaba remarkable share price performance that increases shareholder wealth for the past three years of 2018-2020, despite economies across the world are plunged into severe contraction due to the coronavirus (COVID19) pandemic. Give at least three (3) reasons that have fueled the strong growth of Alibaba.