How Q3 results from Alibaba and JD.com point to new directions.

The two biggest shopping websites, jd.com and alibaba, the taobao and tmall group's owner, announced their financial results for the quarter ending on september 30th, just as double 11 came to an end.

Jd and taobao and tmall group refocused on all fronts, with an impressive 29.5% yoy increase on both directions, as shown by an overview of the reports.

The retail department's highest market, earning 224.99 billion rmb (1.66 billion usd), up from 3.8 percent in 2023, with a profit margin of 4.6 percent, up from 3.8 percent in q3 2023. alibaba's revenue increased by 5 percent yoy growth in 2023, according to the study, although it showed that the company maintained its pace from the previous quarter as it saw strong investment but slower growth.

However, the adjusted ebita, which was a 5% yoy decrease to 40.56 billion rmb (5.60 billion usd), triggering high online sales between july and september, according to taobao and tmall group.

Meanwhile, the 88vip membership saw double-digit growth to 46 million, up 5 million from q2, and many pundits expected this as the two platforms from e-commerce to offline marketing increased dramatically.

Jd's refocus on supply chain and "white label" manufacturer brands, as well as jd's logistics and new markets such as healthcare and industrial services, including platform services and advertising, has sparked jd's cross-border e-commerce and , as well as jd's logistics and jd's logistics and manufacturing services, as well as jd's logistics and manufacturing services, as well as jd's cross-border e-commerce and "white labeling jd used to be the platform that sold official name-brand merchants, while taobao and tmall's focus on mid-end and tmall with the 88vip membership indicates a change in positioning from the platforms, this is because jd used to be known as the platform that sold official name-brand merchants, while taobao and tmall's attention on mid-end brands with the 88vip membership, which represents a reversal as both competitors commit to a new direction, it will be interesting to see how the double 11 and possibly double 12 play out will be interesting to investigate.