Upon deeper research, I realize that JD and PDD being Alibaba's competitors play in different product levels and service levels so while there may be some market share lost from anti competition, it won't be significant. There will still be room for growth while Alibaba's moat remains intact.
What You Need to Know Before Alibaba's Q3 Earnings
One thing $Microsoft(MSFT)$has proven time and time again is its ability to spawn new businesses in response to whatever new segment is created in the market. Collaboration, ERP systems, CRM, Cloud, you name it