According to Bloomberg, Alibaba's market value fell to about 1460 billion Hong Kong dollars (about S $ 25 billion) on Thursday. It was once overtaken by Pinduoduo, and the closing price may be lower than Pinduoduo.
According to Bloomberg News on Thursday (November 30), Alibaba's stock price fell 1.4%in Hong Kong, and the market value dropped to about 1460 billion Hong Kong dollars.The market value of 188.3 billion US dollars (about S $ 251.1 billion).Pinduoduo is named TEMU in the United States, and the closing of the New York stock market on Wednesday rose nearly 2%.
It is reported that this incredible change reflects the turmoil of Alibaba's experience. In 2020, China launched a comprehensive rectification against the technology industry for Alibaba and its co -founder Ma Yun.This also marks the rise of a new generation of Internet giants such as Pinduoduo to byte beating, and they are turning the traditional fields of social media and e -commerce.
Jack Ma congratulates Pinduoduo on the internal forum of Alibaba on Wednesday, and urges Alibaba to change more than 220,000 employees.Many observers believe that Ma Yun, who has been behind the scenes for three years, has publicly inspired morale to highlight the difficulty of the company's situation.
Union Bancaire Privee Director Vey-SERN Ling said, "You can say that Alibaba has a great first-mover advantage, so he has been walking in place, but their execution or innovation speed is not so fast.When the anti -monopoly policy appeared, because they could not use their scale to force merchants to use their platforms, causing them to be caught off guard.The revenue was 6.884 billion yuan (about S $ 12.93 billion), an increase of 93.9%year -on -year, far exceeding external expectations.
