Alibaba and Amazon Are on a Collision Course in Europe
Alibaba (NYSE: BABA) and Amazon (NASDAQ: AMZN) generally aren't considered competitors. Alibaba is the top e-commerce and cloud player in China, but Amazon dominates those two growing markets across many other countries.
However, Alibaba considers Europe to be a priority for its expansion beyond China. That expansion, which includes the launch of its AliExpress marketplace and Alibaba Cloud services across Europe, could set it up for a showdown with Amazon's online marketplace and AWS (Amazon Web Services) in the near future.
Image source: Getty Images.
Source Fool.com
