SHANGHAI -- Alibaba Group Holding, the Chinese e-commerce colossus beset by regulatory scrutiny and intensifying competition, has suffered another blow by losing the lead in domestic users to upstart rival Pinduoduo.
Pinduoduo beats established leader in active users amid shifting market trends
The Alibaba e-commerce empire built by founder Jack Ma is showing cracks. © Reuters
SHANGHAI -- Alibaba Group Holding, the Chinese e-commerce colossus beset by regulatory scrutiny and intensifying competition, has suffered another blow by losing the lead in domestic users to upstart rival Pinduoduo.