Alibaba Group Holding Ltd (BABA) – Get Report shares traded higher Tuesday amid reports that the co-founder of Asia’s most valuable tech company, Jack Ma, is not missing after allegedly falling out of favor with China’s leadership.
Ma, who hasn’t been seen, nor made public comments, since November, drew the ire of President Xi Jinping with a speech in October that attacked the government’s role in blunting creativity and innovation in the tech sector. Since then, government officials have launched an anti-trust investigation in Alibaba, the internet giant he co-founded in 1999, and squashed the IPO plans of its online banking subsidiary, Ant Group. Read more…..
Chart of the Day
The World in 2021 will start to look beyond covid-19: to the launch of an asteroid-smashing space probe, the next step in the fight against climate change and China’s supremacy at the box office. Here are five stories to watch out for.