Tag: Alibaba

Alibaba promises to create one million U.S. jobs in a meeting with Trump

Marivic Cabural Summers

Jack Ma, the Executive Chairman of Alibaba Group Holding (NYSE: BABA), promised to Donald Trump that his company would create one million new jobs in the United States over the next five years. The U.S. President-elect met Ma at the Trump Tower in New York on Monday. Their meeting lasted about 40 minutes. Alibaba to support small businesses “We’re focused on small business. We specifically talked about supporting one million small businesses especially in the Midwest America to sell products and services on our platform to China and Asia, especially…

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Alibaba Expected to Suffer Huge Decline; Takeover Target

iRebyu Staff
Alibaba

Alibaba Group Holding (NYSE:BABA) is expected to suffer a huge decline and will eventually become a takeover target, according to one of the short-sellers raising questions about the accounting practices of the company. Some of the well-known short-sellers who have a bearish conviction on Alibaba include Jim Chanos, the founder and president of Kynikos Associates and John Hempton, the chief investment officer of Bronte Capital. The recent disclosure of the Chinese e-commerce giant that the Securities and Exchanges Commission (SEC) has been investigating its accounting practices strengthened short-seller’s position of betting…

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