Worst YTD perf among Chinese stocks
$Tencent (TCEHY.US)$ all big china tech companies have up for 25% on average ytd, even $JD.com (JD.US)$ the ecommerce company up 7%. $Alibaba (BABA.US)$ even down 0.5%. why? because everyone in china knows alibaba is going to die, young generations don’t use taobao at all, they prefer pdd or buy from redbook, douyin instead. No one really open alipay, they just use Wechat pay only
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DwarfCo : fake news, Taobao is still the number 1 e-commerce platform in China and AliPay is still the most widely preferred payment method.
Q Luke OP DwarfCo : fake news? You only want to see “real news” you want because you hold the shares
102559790 Q Luke OP : can u show the link that mentioned the above u said?
Jackson Wang : Have you been there before? Even me went there last year still most of the shops are using Alipay, where the hack you got the news from
是野野野马儿 : Choose PDD for cheap products, choose JD for high-end products. Taobao has many types of products, but it's really awkward to be caught between the two. Now the proportion of WeChat Pay users is getting higher and higher, and Alipay is declining![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Q Luke OP 102559790 : No link, I have been working at Shang Hai since 2013 and back to US this year Feb. That’s what I’ve seen and all my Chinese colleague said. Alibaba was a giant tho
Q Luke OP 是野野野马儿 : That’s the truth. Even JD is losing its market now