Alibaba Group Holding Ltd(NYSE:BABA) is prioritizing long-term growth over near-term profits. However, analysts are warning that the e-commerce giant's efforts might be hampered by fierce competition.

What Happened: Alibaba's market dominance has been significantly eroded due to increasing competition and a lack of focus on technological and pricing strategies, reported The Wall Street Journal on Tuesday.

Despite early signs of success, analysts are concerned that the competition could prevent Alibaba from regaining its former market dominance, according to the report. The company's market share has fallen from an impressive 83% when it went...