Tuesday, August 25, 2015

Alibaba CEO Urges Workers to Ignore Share Plunge, Stay Focused - Bloomberg Business

Keep calm and carry on

"Alibaba Group Holding Ltd.’s chief executive officer exhorted employees Tuesday to ignore plunging stock markets after the e-commerce giant’s shares fell below their initial public offering price for the first time.
Daniel Zhang, who took the helm of Asia’s largest Internet company three months ago, penned a memo urging his 35,000 workers to brush aside the market turmoil. Alibaba has lost about $128 billion in market value since its November peak amid a slowing Chinese economy."
Alibaba CEO Urges Workers to Ignore Share Plunge, Stay Focused - Bloomberg Business
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