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Beijing appears to relax scrutiny of giants like Alibaba

Source: cnbc.com cnbc.com
News Snapshot:

In this article BABA Follow your favorite stocks CREATE FREE ACCOUNT watch now Jack Ma's return watch now Economic growth in focus Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba then announced a huge reorganization of its business. Experts see the move as a signal that the Chinese government is softening its stance toward tech giants after a crackdown that began in late 2020. Jean Chung | Bloomberg | Getty Images In addition to warming to the domestic tech sector, China is also courting foreign business. Its economy has…

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