Alibaba founder delays plans to reduce his stake in company
Edited By WION Video Desk
Published: Nov 25, 2023, 07:00 IST | Updated: Nov 25, 2023, 07:00 IST
Alibaba founder Jack Ma has decided to delay plans to reduce his stake in the Chinese e-commerce giant. The move follows a series of events, including the cancellation of the spin-off of Alibaba's $11 billion cloud business and a $22 billion drop in market value in a single day.
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