Alibaba is worth about half of Tencent on weak demand


ALIBABA Group Holding’s market value has slumped to only about half that of rival Tencent Holdings as the former’s e-commerce-centric business faces sluggish demand and intensified competition.

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.


We need your insight to fill this gap
Leave a comment