Alibaba bets on overseas e-commerce unit amid sluggish growth in China
Publishing timestamp: 2024-02-19 18:39:48
Summary
Alibaba's international e-commerce business saw strong revenue growth, while domestic businesses struggled. Management shake-ups and layoffs have been happening at Alibaba and its subunits. The company is facing pressure from competitors like PDD Holdings, while its Southeast Asia unit Lazada is competing with Shopee and TikTok Shop.
Sentiment: MIXED
Keywords: alibaba group holding ltd, jobs, internet, earnings, sea ltd, technology, asia economy, pdd holdings inc, business news, breaking news: technology, layoffs,