The top gaming regulator on December 22 published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online.
Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Thursday as it replaced Trudy Dai, a founding partner, with CEO Eddie Wu as the head of its core Chinese e-commerce platforms,
Alibaba Group Holding Limited (NYSE: BABA) stock is trading higher Thursday as it replaced Trudy Dai, a founding partner, with CEO Eddie Wu as the head of its core Chinese e-commerce platforms, Tmall and Taobao. The move marked Alibaba's strategy to recover from recent challenges, including intensifying competition from PDD Holdings Inc (NASDAQ: PDD). Alibaba is now focusing on recovering its position in cloud and e-commerce. Li Chengdong, head of the Beijing-based Internet think tank Haitun, co
‘If you have a consistent seller on the market who takes up daily trading volume of 3 to 5 per cent, there will surely be pressure on the stock price,’ says Willer Chen, senior analyst at Forsyth Barr Asia.