I can tell you that many were already predicting such a case back in the mid 2010s when Alibaba was quasi dominant to the point of almost a monopoly in the Chinese market (like Amazon today) and their valuation was almost nearing Amazon and other US tech giants with their financial arm ANT financial gearing up for the worlds largest IPO in human history , but Things obviously changed radically in 2019/2020 with the crackdown the Chinese government initiated and other competitors rising in China . Nobody would have predicted this (not even the most knowledgeable analyst). That’s why I said you SHOULD NEVER COUNT YOUR EGGS BEFORE THE HATCH, since we are humans not GODs to know what will happen even tomorrow, much less years from now. We can obviously make predictions based on the past and present , but NEVER SHOYLD WE TAKE OUR PREDICTIONS AS A FAIT ACCOMPLI. That was my point.People never said alibaba was going to overtake amazon worldwide. Alibaba has a different business model from Amazon. Alibaba is still dominant over the others, except amazon. But for ymct and cxmt, their advantages are obvious.
The hell, look at BYD, if you had told me even just 2 years ago that their market share and sales in China will decline so rapidly to the point of being overtaken by others, i(and most people) would have laughed at you , since they looked unstoppable back then. Yet today we can see how their allure/dominance in China is nowhere near what it was just a year or two ago. In fact if not for foreign markets , they might have fallen behind a Geely/SAIC and others today . Overseas sales are helping them stabilise their sales at least.
so never take anything for granted. Nobody is sure how things will play out in future
