(Bloomberg) — U.S. President Donald Trump is threatening to slap TikTok-style sanctions on more Chinese companies. But for Alibaba Group Holding Ltd., the largest of them all, the bigger challenge is coming from its own backyard for now.Landing in the White House’s cross-hairs could endanger a roughly $695 billion empire spanning online retail, food delivery and internet computing, but growing competition at home is the most immediate challenge. Alibaba’s long-standing dominance in China’s e-commerce sphere is under steady erosion from JD.com Inc. and Pinduoduo Inc., while in social retail channels Tencent Holdings Ltd. and TikTok-owner ByteDance Ltd. are vying for …read more
Source:: Yahoo Finance
