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… Source link
Read More »From taking on Yahoo to being tamed by China’s Communist Party— it’s been a roller coaster decade for Jack Ma
