BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEBABA

Alibaba/Taobao

$326B$1.3T+ GMVE-Commerce
4.97
B-index (V3.1)
BLACK HOLE
Capture1.713
Escape0.345
Key Structural Insight

In China, approaches Amazon-level through Alipay + logistics + marketplace. Outside China, much weaker.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth8/10
Memory7/10
Action7/10
Process8/10
Network9/10
Closeness8/10
Portability3/10
Substitutability3/10
Human Fallback4/10
Org Depth8/10
Momentum5/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7492CES(d, m, a, p)
Knowledge synergy σₖ0.7483√(d · m)
Operability synergy σₒ0.7483√(a · p)
Synergy boost1.22451 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.15001 + 0.3·t
Total Capture1.7132c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.3317CES(x, s, h)
Feedback attenuation0.7378max(0.3, 1 − 0.35·core)
Total Escape0.3448ε + escCore · feedback
B = Capture / Escape4.971.713 / 0.345

Scoring Rationale

Taobao+Tmall dominate China. Alipay (1B+ users). Cainiao logistics. Seller ratings non-portable. But Pinduoduo raising s in China.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE8
+1.24
PORT3
-0.76
SUB3
-0.76
FALL4
-0.66
MEM7
+0.50
ACT7
+0.50
DATA8
+0.46
PROC8
+0.46
ORG8
+0.35
NET9
+0.34
MOM5
+0.26
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsE-Commerce (7 peers)

#PlatformTickerB-indexZone
01Amazon MarketplaceAMZN7.77BLACK HOLEProfile →
02MercadoLibreMELI5.87BLACK HOLEProfile →
03CoupangCPNG3.72BLACK HOLEProfile →
04ShopifySHOP3.15BLACK HOLEProfile →
05Shopee/SeaSE3.03BLACK HOLEProfile →
06PDD/TemuPDD1.86EVENT HORIZONProfile →
07eBayEBAY1.71EVENT HORIZONProfile →