- Alibaba Group Holding Ltd (NYSE:BABA) launched a new Alibaba.com Dropshipping Solutions alongside new platform tools and a grants program totaling $500,000 in awards.
- It aims to support existing e-commerce businesses and the rise of “New Digital Entrepreneurs” by the initiative.
- These “New Digital Entrepreneurs” are building digital businesses enabled by new online infrastructure to operate their B2C e-commerce stores on platforms like Shopify Inc (NYSE:SHOP) or as third-party sellers on retail e-commerce sites like Amazon.com Inc (NASDAQ:AMZN).
- Over the last year, transactions involving U.S. businesses on Alibaba.com were up by over 150%.
- Alibaba recently pledged a whopping $15.5 billion for small-and medium-sized enterprises and improving insurance protection for gig economy workers amid the growing domestic tech crackdown.
- Price Action: BABA shares traded lower by 1.94% at $167.40 on the last check Thursday.
Apellis Shares Climb As FDA Accepts Geographic Atrophy Candidate Submission Under Priority Review
The U.S. Food and Drug Administration (FDA) has accepted and granted Priority Review designation for Apellis Pharmaceuticals’ (NASDAQ: APLS) New Drug Application (NDA) for the intravitreal pegcetacoplan.
The regulatory agency has assigned target action date of November 26, 2022.
