Part 7/11:
Furthermore, macroeconomic factors such as a slowing Chinese economy and intensifying competition from companies like Pinduoduo, Temu, and rapidly growing platforms like TikTok's shopping features have pressured Alibaba’s growth. Once valued at $231 billion during its 2014 IPO, Alibaba’s stock peaked at $310 per share in 2020 but has struggled to recover since, illustrating the difficulties it faces amid market turbulence and internal restructuring.