Alibaba is facing an 'existential crisis' [CNN]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: CNN
Alibaba is facing an 'existential crisis' China's most famous tech company faces a host of challenges at home and abroad that risk fundamentally changing it forever. Chinese authorities are investigating the company on antitrust grounds as part of a growing crackdown on the tech industry, while also pushing its sprawling financial affiliate, Ant Group, to overhaul its business . Washington could still be a threat, too. While the Trump administration has backed off a proposal to ban American investment in Alibaba ( BABA ) and two other prominent Chinese tech firms, US-China tensions are likely not going away anytime soon. And in the middle of it all, the company's figurehead — co-founder and former chairman and CEO Jack Ma — has been out of public view for months. "Alibaba, like all other big Chinese tech, is in [an] existential crisis," said Alex Capri, a research fellow at Hinrich Foundation and a visiting senior fellow at National University of Singapore. An escalating crackdo
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