Alibaba

“Working hard for rural revitalization and common prosperity is the responsibility for our generation of businessmen.” - Jack Ma

The plan, if implemented, would effectively end the government’s laissez-faire approach to the tech industry.

Ma has not been seen in public in over two months since his controversial speech in Shanghai in Oct 2020.

“Wild growth” in markets needs to be curbed by law, said the People's Daily.

UOB Kay Hian is still positive on Alibaba, despite a lower core commerce EBITA margin and the suspension of Ant Group's IPO.

This IPO, raising US$37 billion, is the world's largest

China’s securities regulator has reportedly approved financial tech firm Ant Group’s Hong Kong's IPO.

The bankruptcy was filed back in July 30

“The U.S. ban on Chinese internet companies will have little impact on the revenue and earnings of most listed Chinese internet companies,” - Jian Shi Cortesi, fund manager at GAM Investment Management in Zurich

Alibaba Health Information Technology has raised nearly $1.78 billion in Hong Kong’s largest follow-on share sale in five years.