Alipay, Taobao, Tmall, Xianyu, Alibaba Cloud, Fliggy, Alibaba, Cainiao, DingTalk, MyBank, Hema Fresh, Juhuasuan, Tao Piao Piao, etc. These are the direct forces developed within Alibaba. There is no doubt that this is the most important part of Alibaba's ecosystem.

Ali acquired and reorganized the central army: AutoNavi Map, Ele.me, Xiami Music, Damai, UC Browser, Youku Video, Shuqi Novels, etc. These are basically acquired through acquisitions, but Ali's acquisitions are not very successful. For example, Tiantian Dongting has died, and AutoNavi Map, UC Browser, Xiami Music, Ele.me, and Youku Video have all experienced a significant decline. Ali likes acquisitions and wholly-owned holdings. On the contrary, Tencent does not seek to control the way to make the Tencent-invested companies bigger and bigger.