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#32 Alibaba: The House That Jack Ma Built

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Alibaba Invests in the Uche, Keneo and JD.com

Alibaba's principal e-commerce competitor JD.com is pursuing an asset-heavy strategy, investing directly in its own logistics infrastructure. Right now in the United States, you see Amazon as a mixture of these two. But Amazon is clearly moving from an asset-light quote-unquote strategy to an asset- heavy one.

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