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Alibaba’s latest filing reveals broader ties with Chinese government in its businesses https://t.co/29uaR1rhCj
Nice focus the past week or so $baba https://t.co/D2lc9wqj4V
In amended filings, Alibaba discloses previously unknown stakes by the Chinese government in more than 12 business units, following an inquiry by the US SEC (@_szheng / Bloomberg) https://t.co/7sO7cxuK3w 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/1EBSdJCyXE
Alibaba's future outlook improves as co-founder Joe Tsai expresses confidence, despite recent doubts. The company discloses Chinese government stakes in over 12 business units, with state-owned enterprises having shares in some direct-sales businesses. The U.S. SEC inquiry led to the revelation of previously unknown stakes by the Chinese government in multiple business units.