alibaba group holding ltd.
Oct 4, 2023, 2:45 PM EDT
News of the restructuring comes one day after Alibaba founder Jack Ma was spotted at a primary school in Hangzhou, marking his first public appearance in mainland China in over a year.
Chinese stocks took a dive on Monday as the country combats its worst COVID-19 outbreak in two years and concerns grow over Beijing's close relationship with Moscow.
Facebook, which was recently rebranded as “Meta,” was rated the worst company of the year, according to a recent survey.
Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days.
Xi Jinping’s campaign against private enterprise, it is increasingly clear, is far more ambitious than meets the eye. China's Communist president aims to rein in Chinese capitalism and hew to Mao Zedong's socialist vision.
President Joe Biden's executive order aimed at safeguarding Americans' sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the U.S. market, according to people familiar with the matter.
China is looking to stamp out 'historical nihilism,' which is doubt over government descriptions of events.