Alibaba’s Troubles: A Tumultuous Year of Struggles and Setbacks
It has been a challenging year for Alibaba. The tech giant, once seen as a leader in the industry, has faced numerous setbacks that have shaken investor confidence. From the cancellation of its cloud computing unit’s initial public offering (IPO) to a record-breaking fine for alleged monopolistic practices, Alibaba has struggled to maintain its position of prominence in the market. Additionally, the company has seen its stock price plummet, signifying deeper internal issues that need to be addressed.
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