Alibaba's Main Rival Is On A Shaky Ground [Seeking Alpha]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Seeking Alpha
Summary Alibaba ( BABA ) will gain a significant advantage as its biggest rival faces new challenges in core business segments. Tencent ( OTCPK:TCEHY ) has invested billions of dollars in supporting companies which are directly competing with Alibaba. The list is very long, but some of the most important are JD.com ( JD ), Pinduoduo ( PDD ), Meituan and Go-Jek. It has also formed strong partnerships with Alibaba's rivals. However, this year has been very tough on Tencent’s core businesses due to changing regulations in China. China has extended a freeze on approvals of new game titles until next year. In the recent earnings , a third of its RMB73.6 billion (approx. $11.1 billion) revenue came from online gaming. Two of the biggest licensed games under Tencent, PUBG and Fortnite are yet to get approval from regulators. Other games like Monster Hunter: World were banned within a week of launch. Tencent is also facing increased competition from ByteDance which owns
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website