Amazon and Alibaba have become notable players in the e-commerce and cloud markets. Alibaba dominates massive e-commerce market of China. Meanwhile, Amazon dominates the e-commerce space in the US, Europe, and other Asia- Pacific markets. Both AMZN and BABA are experiencing unprecedented growth due to the crisis.
The COVID-19 pandemic accelerated Alibaba’s business in many ways. The company is spending heavily in new areas of core online retail business, including supermarkets, stores, new artificial intelligence, digital entertainment and cloud computing businesses.
Amazon provides compute, storage, database, and other AWS services, as well as fulfillment, advertising, publishing, and digital content subscriptions.
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