Alibaba wakes up to competition from PDD and ByteDance, promising to ‘reignite’ growth as disappointing results send shares down 6%

China’s Alibaba is pledging to inject new energy into its e-commerce department as it tries to hold off new e-commerce entrants like Temu-owner PDD Holdings and TikTok-owner ByteDance.…

Read more Alibaba wakes up to competition from PDD and ByteDance, promising to ‘reignite’ growth as disappointing results send shares down 6%