Pulling out the stops: Alibaba plans to mop the floor with JD.com in the battle for China's online shopping market.
BEIJING: "Tragedy" – that was Alibaba Group Holding Ltd founder Jack Ma's prediction for the fate of rival JD.com Inc in comments published earlier this year.
On Aug 10, Alibaba signalled it is no longer writing off its smaller competitor, making a US$4.6bil (RM18.54bil) investment to give it more traction in two areas JD.com does well in: logistics and electronics.
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