alibaba Coronavirus Market News Opinion 

Alibaba CEO’s Coronavirus Warning Spells Doom for the Stock Market

Alibaba’s CEO called the coronavirus a “black swan event” Thursday. His analysis has disastrous implications for the stock market. While he spoke, new coronavirus cases spiked at a frightening pace. The stock market seems to be shrugging off coronavirus fears since it became a pandemic last month. Amid startling news of drastic measures taken in China to contain the disease, the Dow Jones charted a new record Wednesday. But the rally did lose steam Thursday after the previous evening saw a massive spike in new cases. Chinese officials confirmed over…

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alibaba Bitcoin Opinion blockchain jack ma 

Bitcoin? Not For Me: Alibaba Founder Jack Ma

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Chinese business magnate Jack Ma is confused by bitcoin and is not interested in learning more about the emerging cryptocurrency asset class, even though his company is pouring significant resources into blockchain development. Speaking with CNBC, the founder and executive chairman of tech conglomerate Alibaba, said that he was repeatedly asked about bitcoin at the World Internet Conference, which was held this week in Wuzhen, China. “I said honestly, I know very little about it, and I’m…

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