Grand News Network | November 8, 2023

What's Going On With Alibaba Stock Wednesday?

Alibaba Group Holding Limited (NYSE: BABA) faces tough competition from PDD Holdings Inc (NASDAQ: PDD) in China's e-commerce battle for the biggest shopping event. At the same time, Alibaba remains committed to its artificial intelligence endeavors.

PDD triumphed with robust sales as it won market share at home and among U.S. consumers.

The upcoming primary driver for the industry is the Singles' Day shopping extravaganza, which spans several weeks and peaks on November 11, focusing on online retail activities, Bloomberg 

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