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What's Wrong with Alibaba Dramatic Decline?

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What's Wrong with Alibaba Dramatic Decline?

Alibaba has been the king of ecommerce for so many years now, reigning throughout China. In fact, in 2023, their yearly earnings increased by 23%, soaring to $135 billion. But then again, no business, no matter how successful, is immune to the inevitable landing of competitors.
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posted by crassats51