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Alibaba faces new threat: an evolving Chinese shopper-Business Journal

October 18, 2021
Source: business-journal.in business-journal.in
News Snapshot:
For more than 15 years, Alibaba was China’s unassailable e-commerce champion. The company founded by Jack Ma rose to become one of the world’s biggest and most valuable businesses, using hard-knuckle tactics to muscle out challengers. As China’s e-commerce industry has matured, consumers have started to embrace new ways of shopping that favor browsing and interaction over targeted product searches. That trend has left Alibaba playing catch-up in some areas, and competitors have used the shift to gain a foothold in the world’s largest online retail market. Alibaba remains the leading platform in online shopping, but its share of China’s...
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Tags: Alibaba | app | appliances | Beijing | ByteDance | China | Chinese | currency | e-commerce | Gadgets & Electronics | Guangdong | Guangzhou | Jack Ma | online shopping | online video | Pinduoduo | Renminbi | retail | revenue | social media | Taobao | technology | Tencent | WeChat | Yuan

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