Alibaba Co-Founder Jack Ma (BABA), who stepped away from day-to-day operations of the company in 2020, surprised employees by replying to a staff post on Alibaba’s internal forum. Ma urged the company to go through a course correction, pointing towards, and praising, e-commerce competitor PDD Holdings Inc. (PDD). Yahoo Finance Anchors Seana Smith and Brad Smith break down the latest development with the company and what it means moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
In this article, we will be taking a look at the 12 Asian countries with the best economy right now. To skip our detailed analysis of the Asian economy, you can go directly to see the 5 Asian Countries with the Best Economy Right Now. Asia’s Economic Outlook The last two centuries were dedicated to […]
(Bloomberg) -- Alibaba Group Holding Ltd. briefly lost its position as China’s most valuable e-commerce firm to eight-year-old upstart PDD on Thursday, a watershed moment for an internet industry that Jack Ma’s iconic firm dominated for more than a decade.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarThese Are the World's Most Expensive Cities to Live In Right NowKissinger, Diplomat Who Defined US Foreign Policy, Dies at 100Biggest Blowout in Bonds Since the 1980s