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Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years, adding to signs that China’s government is easing pressure on the entrepreneur as he steps back from a business empire that had made him one of the country’s most powerful people.
The e-commerce giant’s stock slid as much as 5.8%, taking its decline this week to more than 15%.
Investors in China’s tech shares just got another reminder that regulatory scrutiny into the sector is unlikely to go away any time soon, despite a concerted effort by authorities to shore up a flagging economy. Alibaba Group Holding Ltd’s (阿里巴巴) stock yesterday tumbled as much as 6 percent after a report that company executives had been questioned in relation to the country’s largest known cybersecurity breach. That also dragged the broader Hang Seng Tech Index lower by as much as 3.5 percent. The event is the latest indicator to investors that risks abound when it comes to Chin...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
U.S. airlines are serving in-flight meals and drinks again, although there have been some Covid-era changes.