China's Alibaba Names CEO Eddie Wu To Head Its E-commerce Business

China’s Alibaba Names CEO Eddie Wu To Head Its E-commerce Business As Its Growth Falters

News 20 December 2023 2 Mins Read

China’s Alibaba Group says that its CEO, Eddie Wu, will head the E-commerce business. The reason is the company drives the fast-growing online fend growth. The fast growth of online shopping rivals like Pinduo Duo.

Wu is replacing the great Trudy Dai. He is a long-time Alibaba executive who meets your goals with complete ease. You need to identify through the complete method that can help you in achieving your goals with absolute clarity.

The reshuffle always came under the PDD holdings. It incorporates all the online shopping that can make things lucid for you in all possible manners. You need to get through the complete process to have a better idea of it.

Reasons Why Alibaba’s Growth Falters In 2024

There are several reasons why Alibaba’s growth falters in 2024. You need to get through the details to have a better idea of it. You must not make your selection erroneously from your end while reaching your goals with complete ease.

  • Pinduoduo and US e-commerce business focussed on Temu, which resulted in the faltering of Alibaba in the E-commerce market.
  • PDD’s market capitalization rate focused on US-listed stock of $199.41 billion, while Alibaba’s is $191.75 billion.
  • Alibaba’s Founder praised PDD for its policies to grow bigger in this quarter. It is the reason why PDD is surpassing the competition.

Hence, these are some of the essential facts that you must consider at your end while attaining your goals with complete clarity. You must not make your choices on the wrong end, Alibaba needs to push hard to combat the competition in the market. You need to follow the correct process in this regard. The reshuffle always came under the PDD holdings. It incorporates all the online shopping that can make things lucid for you in all possible manners.

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Upasana is a budding journalist who has a keen interest in writing. She considers writing as therapeutic and is most confident when she writes. She is passionate about music, movies and fashion. She writes in a way that connects with the audience in a personal level. She is optimistic, fun loving and opinionated.

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