Alibaba Has Been Losing to PDD. Why That's Set to Change.
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Alibaba's share of the Chinese e-commerce market has decreased from 52% in 2021 to 42% in 2023, according to DBS Bank analysts. However, the article suggests that Alibaba may regain its competitive edge against PDD.
November 13, 2024 | 4:15 pm
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Alibaba's market share in Chinese e-commerce has declined from 52% in 2021 to 42% in 2023. Analysts suggest a potential recovery in its competitive position against PDD.
The decline in Alibaba's market share is significant, but the article indicates a potential recovery. This suggests a positive outlook for Alibaba's stock as it may regain competitiveness.
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