There are still significant differences between Alibaba and JD.com. Alibaba has the genes of world-class innovative capabilities. For example, currently Alibaba is fully committed to artificial intelligence. However, over the years, JD.com has continued to engage in copying and intense internal competition. In the early days, it always followed Alibaba's footsteps. Later, it imitated Pinduoduo, and now it is imitating Meituan... Perhaps this is the reason why the market gives Alibaba a higher valuation. It is also the reason why, although JD.com's valuation seems quite low, I have always been hesitant to invest in it. There always seems to be something lacking in this company.
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