Alibaba's market value drops to $201B, about half of Tencent's $391B, as it faces sluggish demand and increased competition; Alibaba was valued at $850B in 2020 (Charlotte Yang/Bloomberg)

Charlotte Yang / Bloomberg:
Alibaba's market value drops to $201B, about half of Tencent's $391B, as it faces sluggish demand and increased competition; Alibaba was valued at $850B in 2020  —  - Companies' values widen after Alibaba cloud announcement  — Alibaba now trades at eight times forward earnings multiples

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