Alibaba, facing domestic price wars and US sanctions, reported slower growth in the first quarter of 2024. However, co-founder Jack Ma emphasized the importance of competition and the company’s commitment to market forces. Alibaba recently joined China’s Stock Connect, potentially unlocking significant investment funds.
Jack Ma, the co-founder of Alibaba, has invested in a small farming company, marking his return to the public eye after stepping away from the limelight amid Chinese government scrutiny. Ma’s investment in ‘Hangzhou Ma’s Kitchen Food’ comes as he shifts his focus to agricultural initiatives, aligning with the Communist Party’s ‘common prosperity’ initiative.
