The Pentagon has added Alibaba, BYD and Baidu to its list of firms it says support China’s military. China’s embassy condemned the designation as discriminatory, while Alibaba said there is no basis for its inclusion.
Posts tagged as “Alibaba Group”
Alibaba Group Holding Ltd. is restructuring its 24-year history into six main units, with each group focusing on different areas such as cloud computing, e-commerce, logistics, and digital media and entertainment. The restructuring is intended to allow the company to react faster to market changes and increase their value, while also potentially raising outside capital and seeking its own initial public offering.