Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo

Alibaba is seeing sharply slower growth in customer management revenue, the money derived from charging merchants for services which usually accounts for one-third to one-half of its overall revenue.

For more than a decade, Alibaba Group has been China's undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive competitors into the sector.

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This week, , one for China and one for overseas.