bullish

Alibaba (ADR)

China Internet Weekly (15Jun2020): Virus Found in Another Wet Market, Online Retailers’ Tax Eyed

265 Views15 Jun 2020 10:42
SUMMARY
  • Panic buying restarted as four infections were found in a wholesale wet market in Beijing.
  • Alibaba (BABA) announced they will recruit 5,000 employees for its cloud computing business.
  • The tax authorities required all online retailers to check their taxes in three years.
  • Xiaomi (1810) was the only company whose smartphone sales to end users did not decrease in 1Q20.
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