I'm pretty sure we've all thought about what it would be like as a witch.
Berufstätige mit Behinderung: »Es zählen nicht nur meine Fähigkeiten, sondern auch mein Rollstuhl«
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Alibaba offers few answers as crackdown uncertainty persists
Coco Liu, Bloomberg News Pedestrians wearing protective masks walk past the Alibaba Group Holding Ltd. logo displayed in front of the company s building in Beijing, China, on Wednesday, Aug. 19, 2020. , Bloomberg
â-Alibaba Group Holding Ltd. offered investors few clues into how the regulatory crackdown on Jack Maâs tech empire will impact its future growth after reporting a stronger-than-expected 37 per cent increase in quarterly sales.
The e-commerce giant has established a special taskforce to conduct internal reviews and is actively communicating with antitrust regulators on complying with their requirements as investigations continue, Alibaba said Tuesday. Itâs also unable to make a complete assessment of how the ongoing ârectificationâ of affiliate Ant Group Co. will affect its business, according to the statement.
Alibaba Group Holding Ltd. offered investors few clues into how the regulatory crackdown on Jack Ma’s tech empire will impact its future growth after reporting a stronger-than-expected 37% increase in quarterly sales.
The e-commerce giant has established a special taskforce to conduct internal reviews and is actively communicating with antitrust regulators on complying with their requirements as investigations continue, Alibaba said Tuesday. It’s also unable to make a complete assessment of how the ongoing “rectification” of affiliate Ant Group Co. will affect its business, according to the statement.
The stronger-than-expected earnings may be overshadowed by an ongoing antitrust probe that has already wiped more than $130 billion off the e-commerce giant’s value since its October record. Uncertainty began in November when regulators first torpedoed Ant Group’s record initial public offering, then launched their investigation into the online retailer. Alibaba’s stock
Alibaba’s projected to unveil its slowest pace of third-quarter sales growth in five years on Feb. 2 while it confronts potentially the biggest crisis of its two-decade existence. Uncertainty began in November when regulators first torpedoed Ant Group Co.’s record initial public offering, then launched a probe into the e-commerce firm. Alibaba shares have dropped 16% since Ant’s aborted debut, the worst performance on Hong Kong’s benchmark Hang Seng Index. That’s in stark contrast to arch foe Tencent Holdings Ltd., which had briefly neared a $1 trillion valuation after its stock reached new highs this week.
Ma’s company, once the standard-bearer for China’s fast-rising private firms and booming internet sphere, now faces penalties of as much as 10% of its revenue or some $7.8 billion if it’s found to have abused its market dominance. Executives may also face questions about how a possible crackdown on sister company Ant may hurt its outlook, given the latter firm pro
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