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05.05.2020 ALIBABA Daily Analysis

Alibaba has three primary businesses and one of them being the consumer-to-consumer platform, Taobao.com. JD.com (JD) which is the primary domestic

05.05.2020 ALIBABA Daily Analysis
Yazar: editor_1

Yayınlanma: 5 Mayıs 2020 17:12

Güncellenme: 15 Kasım 2024 10:59

05.05.2020 ALIBABA Daily Analysis

Alibaba has three primary businesses and one of them being the consumer-to-consumer platform, Taobao.com. JD.com (JD) which is the primary domestic competitor of Alibaba in the e-commerce industry also released an app called Jingxi but the difference is that JD.com already has a reputation of being able to deliver items on the same day or day after and is trading at $42.25 going up by +$0.87, or by +2.10%. Other than the negative competitive advantage Alibaba is facing, a data breach has surfaced with one of  Indonesia's largest e-commerce platforms, Tokopedia, which SoftBank Group Corp Vision Fund and Alibaba (NYSE:BABA) are funding backed by 2 billion dollars. Alibaba (NYSE:BABA) is going down by $3.33, or by -1.71% at $191.15.
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