News Snapshot:
China Discloses Plan To Tame Alibaba By 0 SHARE Chinese President Xi Jinping has cracked down on Alibaba, which happens to be the best performing entrepreneur in China. The government wants to focus on strengthening its antimonopoly efforts, enabling it to curb the disorderly capital expansion among top businesses. Leading businesses have been monopolizing credit and other important resources, and the government wants that to stop. Alibaba asked to conform The government wants Alibaba to align itself with the state. Therefore, Alibaba has to focus some of its efforts and resources on championing major causes such as poverty eradication. Alibaba...
