Alibaba Group Holding Limited (NYSE: BABA) assumed a crucial role in Hangzhou city's plans to lure more internet firms amid the "high-quality and healthy development of platform economy" under a deal with the local market regulator.
China has roped in Zhang Xin as the leader of the National Integrated Circuit Industry Investment Fund Co, better known as the Big Fund or Beijing's primary vehicle for supporting the country's chipmakers.
China's Meituan (OTC: MPNGY) (OTC: MPNGY) plans to restructure its ride-hailing service and reduce the number of staff working on the platform, according to CEO Wang Xing's internal letter.
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
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Alibaba Group Holding Ltd (NYSE: BABA) shares are trading higher Wednesday following reports that factory activity in China expanded at its fastest pace in more than a decade last month, boosting overall economic sentiment.
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