Homepage
PR Newswire
As an observer in China's e commerce space, there are indeed observations that corroborate. PDD/JD/Kuaishou are growing their GMV while Alibaba is stagnating. It has nothing to do with Alibaba being sluggish.
In the cloud computing space, Huawei is gaining share over Tencent and Alibaba despite Huawei's suite of services being unable to match up to the other 2 and this is largely due to government contractors moving to Huawei. Alibaba is superior where its own propriety chips produce outstanding performances. In Singapore's example, it will be like a sudden shift where all government agencies and contracts use NCS Singtel services instead of AWS/Alibaba/IBM/Google/Microsoft Azure
Tencent is more unfortunate where a few industries it is in- live streaming and game steaming have been whack hard by Chinese regulations resulting in its subsidiaries turning from profitable to making losses
In the cloud computing space, Huawei is gaining share over Tencent and Alibaba despite Huawei's suite of services being unable to match up to the other 2 and this is largely due to government contractors moving to Huawei. Alibaba is superior where its own propriety chips produce outstanding performances. In Singapore's example, it will be like a sudden shift where all government agencies and contracts use NCS Singtel services instead of AWS/Alibaba/IBM/Google/Microsoft Azure
Tencent is more unfortunate where a few industries it is in- live streaming and game steaming have been whack hard by Chinese regulations resulting in its subsidiaries turning from profitable to making losses