14.01.2020 14:26:00

Alibaba and Amazon Are on a Collision Course in Europe

Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) generally aren't considered competitors. Alibaba is the top e-commerce and cloud player in China, but Amazon dominates those two growing markets across many other countries.However, Alibaba considers Europe to be a priority for its expansion beyond China. That expansion, which includes the launch of its AliExpress marketplace and Alibaba Cloud services across Europe, could set it up for a showdown with Amazon's online marketplace and AWS (Amazon Web Services) in the near future.Image source: Getty Images.Continue reading
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