Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm By Reuters – Canada Boosts

© Reuters. FILE PHOTO: Buying trolley is seen in entrance of Alibaba brand on this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Picture (Reuters) – U.S.-listed shares of Alibaba (NYSE:) Group Holding dipped on Friday following a Morgan Stanley downgrade on considerations over slower turnaround in its key companies, simply hours after rival PDD raced previous…

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Alibaba’s reversal from online superstar is so serious that it briefly lost its crown as China's second-most valuable e-commerce player

Alibaba’s reversal from online superstar is so serious that it briefly lost its crown as China’s second-most valuable e-commerce player – Canada Boosts

Alibaba briefly misplaced its place as China’s most respected e-commerce agency to eight-year-old upstart PDD on Thursday, a watershed second for an web trade that Jack Ma’s iconic agency dominated for greater than a decade. Alibaba slid as a lot as 1.4% throughout intraday buying and selling in Hong Kong, placing its market worth at…

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