By Megan Davies, John McCrank and Ross Kerber NEW YORK/BOSTON (Reuters) - Jack Ma's 50-second video reappearance may have buoyed Alibaba Group's share.
KUALA LUMPUR (Reuters) - The parent company of Malaysia Airlines, Malaysia Aviation Group (MAG), said it had obtained British court approval to proceed with a
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NEW YORK/BOSTON, Jan 20 (Reuters) - Jack Ma’s 50-second video reappearance may have buoyed Alibaba Group’s shares, yet it has done little to resolve the Chinese e-commerce giant’s troubled relationship with regulators that is making some investors hesitate about owning its stock.
The company’s American Depositary Receipts (ADRs) rose more than 5% on Wednesday, following a 8.5% gain in its Hong Kong-listed shares, after founder Ma made his first public appearance since October on Wednesday.
Ma had not appeared in public since Oct. 24, when he blasted China’s regulatory system. That set him on a collision course with officials and led to the suspension of a blockbuster $37 billion IPO for Alibaba’s financial technology affiliate Ant Group.
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi