No changes to the plan here and $BABA continue to target more merchants to their site:
'S&P Global Ratings expects Alibaba Group Holding to boost the terms for merchants on its platform as it recalibrates its China e-commerce strategy, according to a Tuesday release.
The move will help the e-commerce platform further monetize merchant participation especially with new technology service charges.'
They also continue to invest heavily in AI to reduce their costs and make the whole experience more user friendly.
$JD has taken a hit today in the PM due to $WMT selling their position, I suspect they want to strengthen their cash reserves for a cold economic winter.
A V
2024-08-21 14:32:34 +0000 UTC