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Bloomberg Technology
Alibaba's Trajectory and Apple's Card Debacle
Nov 29, 2023
Alibaba Founder Jack Ma urges employees to correct the company's course. AWS CEO Adam Selipsky discusses the company's new chips. Apple offers Goldman Sachs an exit ramp for its troubled card partnership.
39:32
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Quick takeaways
- Alibaba founder Jack Ma has expressed concerns about rival companies like PDD and emphasized the need for necessary changes at Alibaba.
- A senior portfolio manager from JP Morgan predicts a cyclical rebound in tech stocks driven by themes like artificial intelligence, while also anticipating a rotation towards neglected sectors and potential benefits for financials.
Deep dives
Alibaba founder urges company to correct course
Alibaba founder Jack Ma has spoken out to his own employees, urging them to correct the company's course. He expressed concerns about rival companies like PDD and emphasized the need for Alibaba to make necessary changes. This comes after PDD reported strong results, which may have motivated Ma to address the future direction of Alibaba. The performance of PDD and its rapid growth in the domestic and overseas markets seems to have caused concerns about Alibaba's position and strategy.
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Discover
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