Meanwhile, Alibaba stock has an IBD Composite Rating of 95 out of a best-possible 99, according to IBD Stock Checkup. The ...

Alibaba faces significant headwinds, but its pivot to high-margin AI services and its depressed valuation present a ...

The top two players each held roughly 25 per cent of the 2024 market, followed by Tencent and Huawei, IDC says.

Alibaba stock gained over 43% year-to-date compared to Baidu’s 7% returns. According to third-party agency data, Alibaba’s ...

Alibaba Group Holding Ltd – ADR (NYSE:BABA) fell 8.93% in pre-market trading. Tencent Holdings Ltd (OTC:TCEHY) dropped 8.32% to HK$ 438.60. JD.com Inc (NASDAQ:JD) saw a sharp decline of 11.32% ...

More importantly, it had significantly expanded its share of the market from 15.4 percent in the third quarter to 18 percent in the fourth quarter, while Alibaba lost some market share (from 47.3 ...

Alibaba-backed Ant Financial's Alipay, which shares a duopoly in China's mobile payments market with Tencent's WeChat Pay, is widely accepted by ridesharing services across China.

Ant Group was set to be the largest IPO in global history and is 30% owned by Alibaba Group. Alibaba shares are down 2% to $288.43 on Thursday. Tencent's OTC shares were up 2.2% at $80.49.

Currently, Alibaba dominates the e-commerce market with a 58 percent share but faces increasing challenges from Tencent, JD.com, and the upstart Pinduoduo.

This means that Alibaba needs to buy out the rest of Ele.me from Baidu and its other investors, as Ele.me controls 49.8% of China's food delivery market. Ele.me's mobile app. Image source: Google ...