Wed. Oct 30th, 2024

Charlotte Yang / Bloomberg:

Alibaba’s market value drops to $201B, about half of Tencent’s $391B, as it faces sluggish demand and increased competition; Alibaba was valued at $850B in 2020  —  – Companies’ values widen after Alibaba cloud announcement  — Alibaba now trades at eight times forward earnings multiples

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The post Alibaba’s market value drops to $201B, about half of Tencent’s $391B, as it faces sluggish demand and increased competition; Alibaba was valued at $850B in 2020 (Charlotte Yang/Bloomberg) appeared first on WorldNewsEra.

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