A look at Alibaba’s decline since China halted Ant’s IPO in 2020, losing its online shopping dominance to rival PDD last week, and roadblocks in revival plans — The Chinese e-commerce giant lost its lead—even in online shopping — SINGAPORE—Chinese internet titan Alibaba Group Holding once seemed invincible.
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The post A look at Alibaba’s decline since China halted Ant’s IPO in 2020, losing its online shopping dominance to rival PDD last week, and roadblocks in revival plans (Wall Street Journal) appeared first on WorldNewsEra.