Alibaba Chair Says Business Entrepreneurs 'More Confident' After Meeting With Xi Jinping In January, Signals Hiring Boost - Alibaba Gr Hldgs (NYSE:BABA), Alibaba Gr Hldgs (OTC:BABAF)

Alibaba Chair Says Business Entrepreneurs ‘More Confident’ After Meeting With Xi Jinping In January, Signals Hiring Boost – Alibaba Gr Hldgs (NYSE:BABA), Alibaba Gr Hldgs (OTC:BABAF)

Alibaba Group Holding Ltd. BABA BABAF  Chairman Joe Tsai announced Tuesday the company will resume hiring, signaling growing confidence in China’s business landscape following recent economic policy shifts. What Happened: Speaking at HSBC’s Global Investment Summit, Reuters reported that Tsai highlighted a pivotal meeting between Chinese President Xi Jinping and private business leaders as a…

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Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Chinese Stocks Plunge As Stimulus Hopes Fade: Hong Kong Posts Worst Daily Decline Since October 2008 – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…

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