Ma, who is worth around 42billion, disappeared from the public eye in early November, when he was hauled in front of regulators for an October speech critical of China’s outdated financial system.
Two employees from Pinduoduo, an Chinese e-commerce platform, died within two weeks. A driver for food delivery service, Eleme, set himself on fire in a desperate attempt to seek his unpaid wages.
The human cost caught public attention after the deaths of two employees from e-commerce platform Pinduoduo, known for selling fresh produce at low prices
The normally outspoken e-commerce pioneer has been out of the public eye since late October, prompting a flurry of speculation
Alibaba shares slumped 9% to their lowest since June on Monday, as the firm’s upsized $10 billion buyback program failed to ease concerns about a regulatory crackdown on co-founder Jack Ma’s e-commerce and financial empire. Subscribe: http://smarturl.it/reuterssubscribeReuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.Get the latest news on: http://reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
Alibabas founder, Jack Ma, is Chinas richest entrepreneur and one of its most prominent businesspeople worldwide with a net worth of $59 billion
The Centre has blocked 43 mobile applications for “engaging in activities which are prejudicial to sovereignty and integrity of India, defence of India, security of state and public order”.
This years online shopping extravaganza also comes a week after Alibaba lost almost $76-billion of its market value