Hong Kong-listed shares of Alibaba have rallied for two days in a row. After a strong opening in Hong Kong on Tuesday, they were up nearly 0.5% later in the day, adding to gains of more than 6% on Monday. The company’s US-listed shares surged more than 9% on Monday, …
Read More »Alibaba’s Jack Ma issues video message, ending nearly 3-month ‘disappearance’ after a run-in with Chinese regulators
The high-profile entrepreneur delivered a virtual address during the Jack Ma Rural Teachers Award ceremony on Wednesday morning. China’s entrepreneurs must help to promote “rural revitalization and common prosperity,” Ma told the group of educators, adding: “We’ll meet again when the [Covid-19] epidemic is over.” The state-run Global Times published …
Read More »Alibaba stock plunges after China launches anti-monopoly probe into online retailer
The probe was announced on Thursday by the country’s top market watchdog, the State Administration for Market Regulation. In a brief statement on its website, the regulator said it was investigating Alibaba over its “choosing one from two” policy, which reportedly puts pressure on its sellers not to offer their …
Read More »Alibaba introduced its own voice assistant
He works on cloud technology and says Alibaba is only in Mandarin. Chinese online retailer Alibaba has presented the “smart” column with voice assistant Genie Tmall at the press conference in Beijing. Thus, the company wants to create an entry point for their services intended for smart homes. Tmall Genie …
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