The company says it is ‘on track’ to start constructing a local plant later this year.
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Derailed by delivery issues, Huawei has yet to replicate the successes of its joint venture with Seres for its latest Luxeed S7 electric vehicle model.
Whether Alibaba sells those businesses or not, it’s growingly evident that the Chinese tech giant is shifting its focus from new retail back to e-commerce.
China’s largest made-to-order beverage company (and the second largest globally) is set to go public in Hong Kong amid an ambitious global expansion initiative.
Joseph Tsai and Jack Ma recently acquired a hefty chunk of Alibaba’s stocks, emerging as the largest shareholders. Market observers are left pondering the significance of this power move.