Chinese electric vehicle manufacturer BYD on Saturday clarifies recent online allegations that excessive factory emissions from its plant in Changsha caused nosebleed. The company said the emissions comply with national regulations and standards.
Jia Yangqing, Alibaba’s vice president of technology, posted a clarification on his social media account on Thursday saying that he had not resigned from the company, and had simply traveled from Shanghai to the US to see a doctor.
Alibaba Group on Tuesday expanded its share buyback program to a record $25 billion amid a stock price plunge earlier this month. It is also the biggest stock buyback by a listed Chinese company.
A senior Chinese government official signaled that price fluctuationin the domestic property market is generating opportunities for the financial sector, adding the authoritieswill not approve of excessive fluctuation in the sector, according to a press conference held by the State Council Information Office on Wednesday.
Chinese e-commerce giant Alibaba reported a worse-than-expected profit drop in the three months ended on December 31, 2021, as the Chinese internet firm struggled to deal with rising competition from rival tech companies in China as well as strengthening regulations on the online sector.