Alibaba's Market Value Falls to Half of Tencent's

Alibaba's market value has decreased to about half of Tencent's, with a market capitalization of $201 billion compared to Tencent's $391 billion. The company's shares are trading at about eight times forward earnings multiples, significantly lower than Tencent's 16 times. The decline in Alibaba's value is attributed to regulatory and macroeconomic issues, including a crackdown on Ant Group Co. and a fine of $1 billion. China's slow consumption recovery and heightened competition in the e-commerce space are also impacting Alibaba's business environment.