Wang Jianing never cares about the price tag when it comes to spending on her cat – a Russian blue named Doudou – and two dogs – a toy poodle and Maltese named Yomi and Neinei, respectively. Whether it is food, clothing, Italian-made shampoo, or the occasional spa visit, the 24-year-old pet owner in the eastern Chinese city of Hefei.
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For more than a decade, Alibaba Group has been China's undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive competitors into the sector.