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Alibaba, pdd holdings, and jd.com combined market cap is only a quarter of amazon's, Goldman Sachs: significant room for revaluation of China's e-commerce value.
Goldman Sachs pointed out that the median forward price-to-earnings ratio for the Chinese internet-related industry is 14.3 times over the next 12 months, still at a discount of over 40% compared to the internet companies in the USA. However, the valuations of e-commerce companies such as Alibaba, PDD Holdings, and JD.com are only 9-12 times, still lower than the median of the Chinese internet-related industry, indicating significant potential for value reassessment.
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German regulatory FOC determined that microsoft is a company "crucial to cross-market competition", which means that once FOC deems it necessary to intervene, it will take action against microsoft and prohibit the company's "anti-competitive behavior".
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Global technology companies are competing to win customers in Southeast Asia, and Google is not to be outdone. On Monday, it announced a $1 billion investment to expand its datacenter in Bangkok and Chonburi Province, Thailand.
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