VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

Stock Comparison

Tencent Holdings Limited vs Alibaba Group Holding Limited

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Tencent Holdings Limited

0700.HK · Hong Kong Stock Exchange

Market cap (USD)$501.1B
Gross margin (TTM)55.9%
Operating margin (TTM)32.6%
Net margin (TTM)30.6%
SectorCommunication Services
IndustryInternet Content & Information
CountryCN
Data as of2026-05-27
Moat score
73/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Tencent Holdings Limited's moat claims, evidence, and risks.

View 0700.HK analysis

Alibaba Group Holding Limited

9988.HK · The Stock Exchange of Hong Kong Limited

Market cap (USD)$310.1B
Gross margin (TTM)39.8%
Operating margin (TTM)5.8%
Net margin (TTM)10.1%
SectorConsumer
IndustrySpecialty Retail
CountryKY
Data as of2026-06-03
Moat score
60/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Alibaba Group Holding Limited's moat claims, evidence, and risks.

View 9988.HK analysis

Comparison highlights

  • Moat score gap: Tencent Holdings Limited leads (73 / 100 vs 60 / 100 for Alibaba Group Holding Limited).
  • Segment focus: Tencent Holdings Limited has 4 segments (48.9% in Value-Added Services (VAS)); Alibaba Group Holding Limited has 4 segments (49.9% in Alibaba China E-Commerce Group).
  • Moat breadth: Tencent Holdings Limited has 6 moat types across 2 domains; Alibaba Group Holding Limited has 4 across 3.

Primary market context

Tencent Holdings Limited

Value-Added Services (VAS)

Market

Consumer social platforms and digital entertainment (online games, subscriptions, virtual items, digital content)

Geography

Mainland China (core) + Global (games)

Customer

Consumers

Role

Platform/operator + content publisher

Revenue share

48.9%

Alibaba Group Holding Limited

Alibaba China E-Commerce Group

Market

China e-commerce, quick commerce, wholesale marketplaces, and merchant services (Taobao, Tmall, Ele.me, Fliggy, 1688)

Geography

China

Customer

Consumers and merchants/brands

Role

Marketplace + advertising/merchant services

Revenue share

49.9%

Side-by-side metrics

Tencent Holdings Limited
Alibaba Group Holding Limited
Ticker / Exchange
0700.HK - Hong Kong Stock Exchange
9988.HK - The Stock Exchange of Hong Kong Limited
Market cap (USD)
$501.1B
$310.1B
Gross margin (TTM)
55.9%
39.8%
Operating margin (TTM)
32.6%
5.8%
Net margin (TTM)
30.6%
10.1%
Sector
Communication Services
Consumer
Industry
Internet Content & Information
Specialty Retail
HQ country
CN
KY
Primary segment
Value-Added Services (VAS)
Alibaba China E-Commerce Group
Market structure
Oligopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
73 / 100
60 / 100
Moat domains
Network, Supply
Network, Supply, Demand
Last update
2026-05-27
2026-06-03

Moat coverage

Shared moat types

Ecosystem ComplementsTwo Sided NetworkCapex Knowhow Scale

Tencent Holdings Limited strengths

Direct Network EffectsDistribution ControlData Network Effects

Alibaba Group Holding Limited strengths

Switching Costs General

Segment mix

Tencent Holdings Limited segments

Full profile >

Value-Added Services (VAS)

Oligopoly

48.9%

Marketing Services

Oligopoly

19.4%

FinTech and Business Services

Oligopoly

30.5%

Others

Competitive

1.2%

Alibaba Group Holding Limited segments

Full profile >

Alibaba China E-Commerce Group

Oligopoly

49.9%

Alibaba International Digital Commerce Group

Competitive

13%

Cloud Intelligence Group (Alibaba Cloud)

Oligopoly

14.2%

All Others

Competitive

22.9%

Want the full wide moat stocks list?

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.