Market Value Showdown: Alibaba vs Amazon

well! Things are different now! Times are changing so fast!Ten years ago, Alibaba’s market value was 250 billion and Amazon’s was 130 billion.Ten years later, Alibaba’s market value is 190 billion and Amazon’s is 1.58 trillion.At that time, Alibaba was in high spirits, and Ma’s father met frequently with political and business elites around the world. Amazon, the originator of e-commerce, was at a low point in its development but was counterattacked by latecomers. Ten years have passed and Alibaba has been rubbed to the ground by his younger brother Pinduoduo in China. Amazon’s market value is almost 12 times that of Alibaba. This incident profoundly reflects a truth: we must learn to respect our opponents! We must also learn to respect customers. Learning from Alibaba in reverse can be seen in the “refund only” policy of his younger brother Pinduoduo.