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Alibaba Losing Ground As Merchants Shift To JD.Com, Douyin And Other Rival Platforms: Report
Wednesday, February 14, 2024 - 3:04am | 629The factories in Shaji, China, have begun to shift their allegiance from Alibaba Group Holding Ltd (NYSE:BABA) to rival e-commerce platforms, citing a decline in Alibaba’s ability to guarantee sales. What Happened: The factories in Shaji, a town in eastern China, have started to list their...