VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

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Friday, January 2, 2026

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Stock Comparison

Alibaba Group Holding Limited vs Halma plc

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

Alibaba Group Holding Limited

9988.HK · The Stock Exchange of Hong Kong Limited

Market cap (USD)$2.8T

Gross margin (TTM)41.2%

Operating margin (TTM)10.9%

Net margin (TTM)12.2%

SectorConsumer

IndustrySpecialty Retail

CountryKY

Data as of2025-12-29

Moat score

56/ 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

Halma plc

HLMA · London Stock Exchange

Market cap (USD)—

Gross margin (TTM)—

Operating margin (TTM)—

Net margin (TTM)—

SectorTechnology

Industry—

CountryGB

Data as of2026-01-02

Moat score

59/ 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 Halma plc's moat claims, evidence, and risks.

View HLMA analysis

Comparison highlights

Moat score gap: Halma plc leads (59 / 100 vs 56 / 100 for Alibaba Group Holding Limited).
Segment focus: Alibaba Group Holding Limited has 7 segments (41% in Taobao and Tmall Group); Halma plc has 3 segments (40% in Safety).
Primary market structure: Oligopoly vs Competitive. Pricing power: Moderate vs Moderate.
Moat breadth: Alibaba Group Holding Limited has 6 moat types across 3 domains; Halma plc has 4 across 2.

Primary market context

Alibaba Group Holding Limited

Taobao and Tmall Group

Market

China online retail marketplaces & merchant services (Taobao, Tmall, 1688)

Geography

China

Customer

Consumers and merchants/brands

Role

Marketplace + advertising/merchant services

Revenue share

41%

Halma plc

Safety

Market

Safety technologies (fire safety, public safety, worker safety, and protection of critical assets/infrastructure)

Geography

Global

Customer

Commercial/industrial facility owners and operators; infrastructure operators; installers and OEM channels

Role

Technology OEM / component + systems supplier

Revenue share

40%

Side-by-side metrics

Alibaba Group Holding Limited

Halma plc

Ticker / Exchange

9988.HK - The Stock Exchange of Hong Kong Limited

HLMA - London Stock Exchange

Market cap (USD)

$2.8T

n/a

Gross margin (TTM)

41.2%

n/a

Operating margin (TTM)

10.9%

n/a

Net margin (TTM)

12.2%

n/a

Sector

Consumer

Technology

Industry

Specialty Retail

n/a

HQ country

Primary segment

Taobao and Tmall Group

Safety

Market structure

Oligopoly

Competitive

Market share

n/a

HHI estimate

n/a

Pricing power

Moderate

Moat score

56 / 100

59 / 100

Moat domains

Network, Supply, Demand

Legal, Demand

Last update

2025-12-29

2026-01-02

Moat coverage

Shared moat types

Switching Costs General

Alibaba Group Holding Limited strengths

Two Sided NetworkEcosystem ComplementsCapex Knowhow ScaleSupply Chain ControlBrand Trust

Halma plc strengths

Compliance AdvantageDesign In QualificationProcurement Inertia

Segment mix

Alibaba Group Holding Limited segments

Full profile >

Taobao and Tmall Group

Oligopoly

41%

Alibaba International Digital Commerce Group

Competitive

12.1%

Cloud Intelligence Group (Alibaba Cloud)

Oligopoly

10.8%

Cainiao Smart Logistics Network Limited

Competitive

9.2%

Local Services Group

Oligopoly

6.1%

Digital Media and Entertainment Group

Competitive

All Others

Competitive

18.8%

Halma plc segments

Full profile >

Safety

Competitive

40%

Environmental & Analysis

Competitive

35%

Healthcare

Competitive

25%

Want the full wide moat stocks list?

Browse the full ranking of wide moat stocks, updated with moat scores and segment context.

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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.