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Results for “Alibaba” (4)

Hafsa Mustafa Posted in Business

Asian markets rise on Alibaba boost

Asian stocks have been broadly up to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six groups. The Hangzhou-based firm said the changes were intended to "unlock shareholder value and foster market competitiveness". Alibaba is one of China's most prominent tech firms, with operations spanning cloud computing, e-commerce, logistics, media and entertainment and artificial intelligence. Read More…

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Alina Hashmi Posted in Business

Alibaba chief makes rare public appearance

Jack Ma, the founder of tech giant Alibaba, made a rare public appearance in China. The country’s best-known entrepreneur kept a low profile since late 2020 when a speech he made was followed by Beijing pulling Alibaba affiliate Ant Group’s planned initial public offering. A record fine of $2.75bn was then imposed on the company for alleged unfair practices. Read More…

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Alina Hashmi Posted in Business

Alibaba group expells employee over sexual assault allegations

Beijing: It was reported on Sunday that Chinese e-commerce giant Alibaba Group Holding expelled a female worker who implicated a former co-worker of sexual assault earlier this year. She received a termination letter at the end of November which said the employee "caused decisive social concern and had a bad influence on the company." The letter also alleged the employee of spreading false information about being assaulted and about the company rejecting the case. Read More…

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Alina Hashmi Posted in World

Jack Ma reappears in Hong Kong

It is reported that Jack Ma, founder of Alibaba Group, has been seen in Hong Kong. The entrepreneur has been behind the eye of the world since last year when his business empire was scrutinized by the Chinese govt. Sources revealed that he is currently in Hong Kong having meetings with businessmen. Read More…

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