Alibaba focuses on international growth and AI to strengthen market position

Alibaba, a leading Chinese tech company, remains a dominant player in e-commerce, holding 46% of the market share. It also excels in cloud computing and logistics, with Alibaba Cloud leading in both China and the Asia Pacific. The company is diversifying its business, focusing on international e-commerce, which grew by 29% recently, compared to just 1% growth in its Chinese market. This strategy aims to stabilize earnings amid economic fluctuations. Alibaba is also leveraging artificial intelligence to enhance its cloud services and e-commerce operations. Despite past challenges, including regulatory issues and a significant drop in stock price, new management is working to improve performance and customer experience.