Alibaba and Tencent shares are down while $40 bln upstart Minimax briefly surpassed Baidus market value. One reason is the incumbents core businesses are vulnerable to a consumer spending slump. Risks to their online ecosystems from
Introduction
Alibaba and Tencent shares are down while $40 bln upstart Minimax briefly surpassed Baidus market value. One reason is the incumbents core businesses are vulnerable to a consumer spending slump. Risks to their online ecosystems from
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