There's been a lot of hype around the split of Alibaba into 6 separate entities. Sadly it looks like this was a forced move to please Chinese regulators. Since its US listing in 2014, Alibaba has returned just 9%. The Amazon of China had so much potential, but Xi Jinping took a personal dislike to Alibaba chief Jack Ma.
Speaking of Amazon, it's up 530% over the same period, since 2014%. Despite falling 45% from its highs, the 9 year returns have been solid.
There's a very good reason we prefer US stocks - most of the time, regulators leave them alone. It is better to pay up for that luxury which is not so common around the world these days.