However, it is also obvious from this year’s

However, it is also obvious  Double 11 that even GMV is not growing as fast as in the past. Even Alibaba’s Double 11 report this year us “brand transaction volume” instead of overall GMV, highlighting only partial information. In addition, there is also the squeeze from live streaming platforms such as Douyin, Kuaishou, and Xiaohongshu, which are bas on interest and trust. The second and third growth curves of large companies ne to “rise up” faster.

Fighting for the “Second Growth Curve

As Alibaba’s second largest growth curve, Alibaba International Digital Business Group is correct in terms of revenue growth. This quarter’s revenue of 31.7 billion yuan grew by 29%, mainly driven by the revenue growth of AliExpress Choice vp security email lists and Trendyol. Unfortunately, the quality of growth is worrying. The adjust EBITA was -380 million yuan in the same period last year and -2.905 billion yuan this quarter, with a year-on-year increase of 657%.

The second largest group was the Local Life Group, whose revenue increas by 14% to 17.725 billion yuan in the quarter. The remaining groups, including Cainiao Group, Cloud Intelligence Group, and Big Entertainment Group, saw revenue growth of 8%, 7%, and -1%, respectively.

Looking at Pinduoduo, which is also struggling in the overseas market

Temu’s performance has always been the finding revenue-boosting opportunities for upselling and cross-selling focus of market attention. Especially at present, with US President Trump returning to power, the market is increasingly curious about Pinduoduo’s performance in overseas markets.

In this year’s third-quarter financial report, Pinduoduo However, it is also obvious did not disclose its specific classification data, but in a conference call, Chen Lei, chairman and co-CEO of Pinduoduo Group, said: “Although our business outside of China is still very new, it has also made relatively large progress in the past year.”

Compar with Alibaba and Pinduoduo’s fierce competition in overseas markets

JDcom seems to be unsatisfactory mobile lead in this regard.

JD.com’s overseas business once clos two major sites in Southeast Asia due to high costs. Earlier, the company announc its withdrawal from the European market and clos the English and Russian sites of its cross-border e-commerce platform JOYBUY.