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Added on the 22/11/2017 19:05:57 - Copyright : RT Ruptly EN
Shares of Chinese shopping website Alibaba fell as much as 3% on Monday. The prolonged absence from the public view of its founder Jack Ma has raised eyebrows. According to Markets Insider, Ma has not been seen in public in more than two months. When he unexpectedly failed to show up, he was abruptly replaced as a judge on an African entrepreneurship TV show late last year. His companies Alibaba and Ant Group face increased regulatory pressure from the Chinese government. The crackdown coincides with Ma's remarks at a conference that Chinese financial regulators were an 'old people's club,' unable to keep up with technology.
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Jack Ma's Chinese online marketplace Alibaba surged as much as 7% in Wednesday trades. According to Business Insider, the bump came on the news that Americans wouldn't be banned from investing in the e-commerce behemoth. Alibaba, Baidu, and Tencent were among a number of Chinese-based companies being eyed by the US Defense Department. The DOD has a list of firms that it believes support China's military, intelligence, and security services. Chinese telecom stocks like China Mobile had been added to the Defense Department list, and trading in the US-listed stock shuttered on Monday.
Mass vaccination campaigns are being rolled out around the globe. Governments around the world are looking for ways to contain the spread of COVID-19. Pfizer-BioNTech, Oxford-AstraZeneca, Sputnik V, and Sinopharm are among the authorized vaccines being distributed around the world. But Russia, India, and China have been criticized for rushing their vaccine approval processes. Business Insider reports some people remain skeptical about getting inoculated. Wealthier nations have expanded their immunization efforts. Many developing countries are struggling with the pandemic are still waiting for their shots.
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