Looking back on those days at Alibaba, nothing has changed over the years. Behind the aggressive goals are distortions in management and execution, coupled with an extremely unhealthy market. After subsidies, it's a mess, even triggering regulatory intervention and collective punishment.
The primary goal of flash sales is market share growth, and we will firmly increase investment to achieve absolute market dominance.
One sentence caused three stocks to crash$MEITUAN(03690.HK)$BABA-W(09988.HK)$JD-SW(09618.HK)