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Alibaba: Shares slips after China spending downturn cautioning

Alibaba shares have drooped by over 10% in Hong Kong exchange after the Chinese internet based retail goliath cautioned of a lull in buyer spending. Alibaba has been a survivor of China’s crackdown on its homegrown innovation industry which has seen a large number of new guideline acquired from antitrust Read more…

By Prajakta Amrutsagar, 3 yearsNovember 19, 2021 ago

Business

China’s Singles Day: Three million workers, 4,000 planes and freight ships

3,000,000 laborers, helped by 4,000 planes and ships, are preparing for the world’s greatest online deal – with “retribution spending” tipped to be one of the current year’s greatest patterns. China’s Singles Day on 11 November is the world’s greatest 24-hour web based shopping function, with 1.9bn items requested and Read more…

By Prajakta Amrutsagar, 4 yearsNovember 10, 2020 ago