In a pandemic year that saw businesses across the world take a big hit, Alibaba wasn’t immune to the impact of COVID-19, especially given the fact that the coronavirus pandemic began in China.
Alibaba’s market value is a whopping $600 billion, and hopes are pinned on the dual IPO in Shanghai and Hong Kong bourses. But a massive blow comes for the e-commerce giant as Alibaba and Ant Group’s $34 billion initial public offering (IPO) was suspended by the Shanghai Stock Exchange. The Shanghai…
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