The revamp comes a day after the Alibaba founder returned home from a yearlong stay abroad, a move that dovetailed with Beijing's effort to spur growth in the private sector.
Investors cheered a major revamp of Alibaba Group as a sign Beijing’s crackdown on the corporate sector was nearing an end, sending shares of the Jack…
Shares in SoftBank Group Corp soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group, in which the Japanese technology investor has a 13.7 % stake, announced a major restructuring. | March 29, 2023