Alibaba trims stake in Xpeng for second time in December
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December 21, 2023 8:12 AM EST
The Wall Street Journal reports Wednesday that, citing unnamed sources familiar with the matter, that the United States is in discussions and may choose to increase tariffs on some Chinese goods, including electric vehicles (EVs).
In recent years, the growth of China's vehicle exports has been driven by excess production capacity and a decline in domestic demand within the world's largest automotive market. Projections from China Merchants Bank International suggest a 25% increase next year, reaching... More
December 20, 2023 10:24 AM EST
Alibaba (NYSE: BABA) has made changes in its leadership. The company has replaced one of its most experienced executives who was leading the e-commerce division. Additionally, they plan to create a new firm to manage their investment assets worldwide.... More
