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Why did Alibaba lose 8% in the last 12 months?

Alibaba also continues expanding its global cloud reach to Mexico, with plans for new data centers in Malaysia, Thailand, and South Korea. It has already waged a price war with its domestic rivals by slashing the prices of its cloud and artificial intelligence services. Alibaba Group Holding Ltd stock lost 8% in the last 12 months.

How did Alibaba become a B2B marketplace?

In the midst of the entrepreneurial boom, an English teacher realized there was great potential in e-commerce and founded a B2B marketplace site named Alibaba. The teacher, Ma Yun (also known as Jack Ma), later became a legend and pioneer of China’s internet development. Alibaba’s success truly began when it expanded its online retail business.