Given the significant differences between the US and Chinese markets, is PDD Holdings risking a pyrrhic victory by emulating Pinduoduo’s strategy with Temu?
Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.
Joseph Tsai and Jack Ma recently acquired a hefty chunk of Alibaba’s stocks, emerging as the largest shareholders. Market observers are left pondering the significance of this power move.