Alibaba Group
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The e-commerce giant had previously scrapped plans to spin off its cloud business over US chip export restrictions Chinese tech stocks in Hong Kong plummeted on Friday shortly after a massive decline in Alibaba Group shares that followed the online retailer’s announcement to scrap plans to spin off its cloud business. Alibaba Group’s Hong Kong…
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There’s hardly anyone who doesn’t know about Alibaba, either from story books or as the famed Chinese business firm battling scam and fake products–but only a few may know how the founder Jack Ma came to use the name ALIBABA. Ma explained: “One day I was in San Francisco in a coffee shop, and I…
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