E-commerce & Instant Retail
The Midlife Crisis of Traditional E-commerce
Entering 2024, Alibaba and JD.com, two giants that have witnessed the transformation of China's internet industry, are struggling to maintain the 'accelerated' pace of their glory days. Facing the strong rise of new competitor Pinduoduo, the old leaders are anxious about growth. A close look at their financial reports reveals the answer to the growth problem. Now, to prevent further erosion of market share, Alibaba and JD.com are proactively seeking change. In fact, the competition in e-commerce may go far beyond this, and it is foreseeable that the e-commerce industry will no longer be a battlefield for just two oligarchs. Giants in low-speed growth...
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